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Dow AgroSciences acquires Pfister Hybrids

Agriculture.com Staff 07/15/2009 @ 10:35am

Dow AgroSciences LLC is acquiring the majority of assets of Illinois-based corn company Pfister Hybrids.

Dow officials say adding Pfister Hybrids will further expand its current U.S. seeds business as the company anticipates the introduction of SmartStax in 2010 and Dow AgroSciences Herbicide Tolerance (DHT) technology in corn in 2012. The transactional close is expected in the near future.

"Pfister was one of the founding seed corn companies in the Midwest, and we are proud to continue the legacy started more than seven decades ago by one of the nation's original seedsmen Lester Pfister," said Stan Howell, vice president, North America regional commercial unit for Dow AgroSciences in a news release.

Under agreement terms, Dow AgroSciences will acquire the Pfister brand and the sales and marketing areas, as well as the warehousing and administrative services of the business. Dow AgroSciences will continue to independently market seeds under the Pfister Seeds brand, and Pfister Seeds will continue to be headquartered at its existing location in El Paso.

Linda Brown, president for Pfister, will remain with Pfister Seeds LLC as general manager. Dale Brown will continue with Pfister as the business and brand development lead, and Bill Salmi will remain as the company controller.

Lester Pfister founded Pfister Hybrid Corn Company more than 70 years ago and was one of the first seedsmen in the United States. He was recognized as "Outstanding Corn Breeder of the World" by the Museum of Science and Industry, and by 1940, 44 states and 30 countries were planting Pfister corn. His early innovations in corn breeding and production aided in the development of today’s hybrid seed corn industry, say Dow officials.

Dow AgroSciences LLC is acquiring the majority of assets of Illinois-based corn company Pfister Hybrids.

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