GROWMARK Finalizes Select Seed Acquisition
May 5, 2011 Regional cooperative GROWMARK, Inc. has finalized the acquisition of the assets of Select Seed, Camden, IN. The transaction closed May 2; terms were not disclosed.
Select Seed will continue to operate as an independent brand within the GROWMARK family and Kevin Eggerling will continue to manage the company’s operations from their current headquarters in Camden, Indiana.
“Becoming part of the GROWMARK family of brands will enable Select Seed to continue to offer growers high-performing seed corn along with access to an even broader range of agricultural products and services to improve farm profitability – all with the level of quality and service growers expect from Select Seed,” said Kevin Eggerling.
GROWMARK Seed Division Manager, Ron Milby, agreed. “Select Seed and GROWMARK share a similar history of focusing on providing progressive growers exceptional products to increase their productivity and profitability.” He added the acquisition “supports GROWMARK’s strategies to grow in and from its core businesses, as well as to expand our marketing territory.”
Select Seed serves over 450 active growers in Indiana, Ohio, Illinois, Michigan and Kentucky through direct sales and a network of over 100 active farmer dealers.
GROWMARK owns the FS trademark which is used by affiliated member cooperatives.
(Source: Indiana Ag Connection)
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