Bayer has announced plans to move its crop science headquarters from Research Triangle Park in North Carolina to a facility near St. Louis. Bayer, which acquired St. Louis-based Monsanto for $63 billion, says it will move 500 jobs to the former Monsanto campus in Missouri.
The announcement comes after Missouri Governor Mike Parson’s first European Trade Mission where he met with Bayer CEO Werner Baumann. Bayer will close its crop science facility at Research Triangle Park in Raleigh, North Carolina. However, a company spokesperson told the St. Louis Post-Dispatch Bayer’s environmental sciences operation will remain in Raleigh.
Bayer will make $164 million in improvements to its St. Louis facility to accommodate new staff. Missouri offered Bayer $44 million in tax incentives to complete the move, if certain economic targets are met.
Lisa Safarian, the president of commercial operations in North America, said Bayer is “proud to call Missouri home” for its global headquarters for seeds and traits. Bayer already employs roughly 5,000 workers in Missouri.