Friedrich Bayer Born: 6-Jun-1825 Birthplace: Wuppertal, Germany Died: 6-May-1880 Location of death: Würzburg, Germany Cause of death: unspecified Remains: Buried, Evangelists' Cemetery, Leverkusen, Germany
Gender: Male Religion: Lutheran Race or Ethnicity: White Occupation: Business Nationality: Germany Executive summary: Founder of Bayer AG Friedrich Bayer's father was a weaver and textile worker, and young Friedrich apprenticed in that line of work before going into business for himself as a paint and dye salesman in 1845. With his friend and business partner Friedrich Weskott, Bayer opened his first paint factory in 1863, incorporating as Friedrich Bayer & Company. The business had modest success marketing a new synthetic magenta dye, and when Bayer died in 1880 he left a small but relatively successful family business.
Though Bayer himself had no known interest in pharmaceuticals, his business (now known as Bayer AG) developed into a giant drug-making conglomerate after Felix Hoffmann, a Bayer chemist trying to ease his father's arthritis pain, invented Aspirin in the company's labs in 1897. Bayer's son, Karl Bayer, was also a chemist, and invented what is still called "the Bayer process" for purification of bauxite (aluminum ore), which helped make aluminum affordable for industrial use.
Father: (silkworker) Wife: Erna Bayer (two sons) Son: Karl Bayer (chemist, b. 4-Mar-1847, d. 4-Oct-1904) Son: Friedrich Bayer Jr (Bayer executive, b. 13-Oct-1851, d. 21-Jun-1920)
Bayer AG Founder & CEO (1863-80)
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