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Monsanto's American Seeds, Inc., buys five seed companies

Agriculture.com Staff 06/28/2006 @ 12:57pm

Monsanto Company’s American Seeds, Inc. (ASI) subsidiary is on the move again. It has added five additions to its family of regional brands.

In separate transactions, ASI acquired the seed marketing and sales businesses Diener Seeds of Reynolds, Indiana; and Sieben Hybrids of Geneseo, Illinois. ASI also entered into definitive agreements to acquire Kruger Seed Company of Dike, Iowa; Trisler Seed Farms of Fairmount, Illinois; and the seed marketing and sales business of Campbell Seed of Tipton, Indiana, on July 1, 2006. Collectively, the five companies serve farmers throughout the central and eastern Corn Belt.

Monsanto is acquiring the businesses in cash transactions aggregating approximately $77 million. The specific terms of the individual transactions were not disclosed. Collectively, these five seed companies represent approximately 1.4% and 2% of total U.S. corn and soybean seed sales, respectively.

American Seeds, Inc. (ASI), which was formed by Monsanto in 2004, serves as a holding company for regional seed companies that market primarily corn and soybeans. ASI provides support for these regional seed businesses with capital, genetics and technology investments.

Monsanto Company’s American Seeds, Inc. (ASI) subsidiary is on the move again. It has added five additions to its family of regional brands.

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