Dow AgroSciences Buys Dairyland Seed
August 12, 2008 The acquisition of Dariyland Seed Co., Inc. and its affiliate, Bio-Plant Research, will build Dow AgroSciences’ corn, soybean, and alfalfa businesses.
Dow AgroSciences LLC announced the acquisition agreement on Aug. 8. Dairyland Seed Co. is a West Bend, WI-based business with plant breeding programs in hybrid corn, soybeans, and alfalfa. Bio-Plant Research, Camp Point, IL, has a primary focus on licensing of soybean, alfalfa, and wheat germplasm. The addition of Dairyland Seed will build upon Dow AgroSciences’ current seeds business and will expand its broad range of product offerings.
The agreement includes all crop genetics, brands, plant breeding programs in hybrid corn, soybeans and alfalfa as well as Dairyland’s research, processing, and production locations. Tom Strachota, currently CEO of Dairyland Seed, will remain with the business to lead Dairyland Seed as Dow AgroSciences’ general manager for the business. Chuck Simmons will continue to lead Bio-Plant Research Ltd. as its general manager. Dow AgroSciences will continue to independently market Dairyland Seeds under the Dairyland brand. Dairyland Seed will continue to be headquartered in West Bend, WI.
This is another step in the Dow AgroSciences strategy to build a world class Plant Genetics and Biotechnology platform business. Dairyland is the fifth acquisition, including Agromen, MTI, Duo Maize, and Triumph Seed, 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.
The closing is expected later this month. Additional terms of the agreement were not disclosed.
Subscribe Today For
