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Bayer to acquire herbal medicine maker Steigerwald

A general view shows the annual general meeting of Bayer AG in Cologne April 27, 2012. REUTERS/Ina Fassbender
A general view shows the annual general meeting of Bayer AG in Cologne April 27, 2012. REUTERS/Ina Fassbender

FRANKFURT (Reuters) - Germany's largest drugmaker Bayer said it agreed to buy privately held Steigerwald Arzneimittelwerk GmbH, a maker of herbal treatments.

Bayer said on Thursday that Steigerwald, based in Darmstadt, Germany, generated sales of 61.3 million euros ($78.8 million) in 2012 with 180 staff. It did not disclose financial terms of the takeover.

($1 = 0.7775 euros)

(Reporting by Ludwig Burger)

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