Press Release

Cooley Represents BASF in its $1 Billion Acquisition of Becker Underwood

September 20, 2012

Boston, Ma.  – September 20, 2012 Cooley LLP announced that it represented BASF, one of the world's largest chemical companies, in its $1.02 billion acquisition of Becker Underwood.

Cooley represented BASF in its negotiations with Norwest Equity Partners (NEP) to acquire Becker Underwood, which has been a portfolio company of NEP since 2004. The transaction is expected to close by the end of 2012.

With its global headquarters in Germany and its North American operations based in New Jersey, BASF has more than 370 manufacturing facilities and does business worldwide through six business segments that include plastics, performance products, chemicals, oil and gas exploration and production, functional solutions and agricultural products.

Becker Underwood is an Iowa-based, global provider of technologies for biological seed treatment, seed treatment colors and polymers, as well as products in the areas of biological crop protection, turf and horticulture, animal nutrition, and landscape colorants and coatings. BASF will create a business unit called Functional Crop Care to encompass the newly acquired business.

The cross-office Cooley team advising BASF was led by Boston-based partner Michael McGrail and included Miguel Vega, partner and chair of the Business and Technology group in Boston; associates Chris Kiyan and Faisal Hasan; Dan Meehan, partner and chair of the Tax practice; Tax associate Jon Rivinus; Compensation and Benefits partner David Walsh; Patent Counseling and Prosecutions partner Erich Veitenheimer; Adam Ruttenberg, chair of the firm's Technology Transactions group; Antitrust partner Francis Fryscak; International Trade partner Kevin King and associate Jessica Mols.

About Cooley LLP

Cooley's attorneys have an entrepreneurial spirit, substantive experience and are committed to solving clients' most challenging legal matters. From small companies with big ideas to international enterprises with diverse legal needs, Cooley has the breadth of legal resources to enable companies of all sizes to seize opportunities in today's global marketplace. The firm represents clients across a broad array of dynamic industry sectors, including technology, life sciences, venture capital, clean energy, real estate and retail.

The firm has full-service offices in eleven major business and technology centers: Boston, MA; Broomfield, CO; Los Angeles, CA; New York, NY; Palo Alto, CA; Reston, VA; San Diego, CA; San Francisco, CA; Seattle, WA; Washington, DC and Shanghai, China.