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Dow AgroSciences acquires MTI, corn breeding program

Agriculture.com Staff 05/01/2007 @ 8:43am

Dow AgroSciences has acquired assets of the Austrian affiliate of Maize Technologies International (MTI), an Austrian-based corn seed company.

The purchase includes MTI's breeding programs, germplasm and related technology, as well as ownership of MTI's French affiliate and other related assets. Financial terms of the purchase were not disclosed.

"MTI is a good fit for Dow AgroSciences as we work to bring innovative solutions to corn farmers around the world," says Jerome Peribere, Dow AgroSciences president and CEO. "Dow AgroSciences gains valuable sources of new genetics to increase the depth and diversity of the company's portfolio as we expand our corn business platform in Western, Central, and Eastern Europe and North America. Additionally the genetics bring exciting potential for higher levels of stress tolerance -- cold, moisture, frost -- in early maturity zones."

MTI is an Austria-based corn seed company with affiliates in Belgium, France, the Czech Republic, the Slovak Republic, Moldavia and the United States. MTI develops innovative corn hybrid products for the temperate corn seed regions and works in close partnership with local breeding programs in Central and Eastern Europe.

Dow AgroSciences has acquired assets of the Austrian affiliate of Maize Technologies International (MTI), an Austrian-based corn seed company.

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