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Bayer AG is a German chemical company founded in 1863. It is headquartered in Leverkusen, North Rhine Westphalia, Germany. It is well-known for its original brand of aspirin.In order to separate operational and strategic management Bayer AG was reorganized into a holding company in December 2003. The group's core businesses were transformed into limited companies, each controlled by Bayer AG. These companies are: Bayer CropScience AG; Bayer HealthCare AG; Bayer Material Science AG and Bayer Chemicals AG and the three service companies Bayer Technology Services GmbH, Bayer Business Services GmbH and Bayer Industry Services GmbH & Co. OHG.
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