Dow AgroSciences Adds To Seed Presence
Dow AgroSciences LLC's latest seed company acquisition will expand its presence in the western Corn Belt.
October 8, 2008
Dow AgroSciences LLC’s latest seed company acquisition will expand its presence in the western Corn Belt.
The deal to acquire the majority of Renze Hybrids Inc.’s assets is expected to close soon. The addition of the newly formed Renze Seeds LLC will build upon Dow AgroSciences’ current seeds business and will expand its broad range of product offerings.
Under the terms of the agreement, Dow AgroSciences will acquire all sales, marketing, and agronomy assets related to the Renze brand as well as all soybean production assets. Dow AgroSciences will continue to independently market seeds under the Renze brand and product offerings in 2009 will not be affected. Renze will continue to be headquartered at its existing location near Carroll, IA .
Craig Williams, currently operations manager for Renze, will lead Renze Seeds as Dow AgroSciences’ general manager. Tim Renze and Jeff Renze will serve as consultants to Renze Seeds. In addition, they, together with their father, Cyril, have formed RenPro Inc., a new seed corn production company to provide hybrid corn for Renze Seeds.
Renze is the sixth acquisition, including Agromen, MTI, Duo Maize, Triumph Seed, and Dairyland Seed Co., in the last 12 months as Dow AgroSciences builds a global seeds platform. This combination of companies will provide a strong regional presence for Dow AgroSciences to commercialize its HERCULEX Insect Protection traits, SmartStax, and Dow Herbicide Tolerance (DHT) technologies for the benefit of corn and soybean growers.