The company also has significant interests in agriculture, animal health, and consumer health. Bayer was founded on August 1, 1863 by Friedrich Bayer and Johann Friedrich Weskott. The company was initially a dyestuffs factory called Friedr. Bayer & Co., and it produced a wide range of synthetic dyes and other chemicals. Over the years, the company expanded into new areas, including pharmaceuticals, agriculture, and consumer health. Today, Bayer is a global leader in the pharmaceutical and life sciences industries, with a focus on developing innovative products and solutions for a variety of health, agricultural, and environmental challenges.