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DuPont acquires AgVenture, Hoegemery Hybrids, NuTech Seed

Agriculture.com Staff 06/02/2010 @ 10:03am

DuPont has entered into agreements to acquire AgVenture, Kentland, Indiana; Hoegemeyer Hybrids, Hooper, Nebraska, and NuTech Seed, Ames, Iowa; as part of its Pioneer Hi-Bred business' PROaccess strategy. Closings are scheduled to occur in the latter part of 2010. Terms were not disclosed.

"We have unique agreements with each of our PROaccess distributors. For these three seed companies, solidifying our relationship through acquisition will improve their ability to serve their customers’ needs," said Paul E. Schickler, president -- Pioneer Hi-Bred, in a press release. The three seed companies will continue to sell products under the Pioneer-owned trademarks following closing:

  • AgVenture -- VPMaxx brand corn hybrids and soybean varieties.
  • Hoegemeyer Hybrids -- HPT brand corn hybrids and soybean varieties.
  • NuTech Seed -- G2 brand corn hybrids and soybean varieties.

"These three companies are well-regarded and have strong histories of providing valuable solutions," Schickler said. "Over the past two seasons, grower demand for corn hybrids and soybean varieties distributed under the Pioneer-owned trademarks VPMaxx, HPT and G2 demonstrates that growers want a diverse line of genetics and expanded product choices. We will continue to use our extensive germplasm base to bring unique and regionally adapted products for this channel."

First introduced in December 2008, the PROaccess strategy enables Pioneer to make available its seed genetics to more growers through a network of distributors. Pioneer will continue to maintain and grow its PROaccess distribution agreements with other independent seed companies as previously announced:

  • Beck's Hybrids, Atlanta, Indiana, distributor of XL brand corn hybrids and soybean varieties.
  • Burrus Hybrids, Arenzville, Illinois, distributor of Power Plus brand corn hybrids and soybean varieties.
  • Doebler's Pennsylvania Hybrids, Inc., Jersey Shore, Pennsylvania, distributors of RPM brand corn hybrids.
  • Seed Consultants, Inc., Washington Court House, Ohio, distributor of Supreme EX brand corn hybrids and soybean varieties.
  • Terral Seed, Lake Providence, Louisiana, agent for distribution of REV brand corn hybrids and soybean varieties.

Pioneer also sells a complete lineup of corn and soybean seed under Curry brand seed.

DuPont has entered into agreements to acquire AgVenture, Kentland, Indiana; Hoegemeyer Hybrids, Hooper, Nebraska, and NuTech Seed, Ames, Iowa; as part of its Pioneer Hi-Bred business' PROaccess strategy. Closings are scheduled to occur in the latter part of 2010. Terms were not disclosed.

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