Monsanto Acquires Guatemalan Seed Company
July 4, 2008| |
Monsanto Company announced that it has completed its purchase of Marmot, S.A., which operates Semillas Cristiani Burkard (SCB), a Central American corn seed company focused on hybrid corn production. SCB is also devoted to the development of seed for corn, grain sorghum, forage sorghum hybrids and soybean varieties. The Guatemala-based company works with more than 900 dealers in the Central American region and distributes Seminis vegetable seeds, a product of Monsanto's vegetable seed division. Monsanto acquired SCB for $135 million according to the company’s quarterly report filed June 27.
The press release is available at http://monsanto.mediaroom.com/index.php?s=43&item=620
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