Dow AgroSciences Acquires German Hybrid Seed Company
October 17, 2008| |
Dow AgroSciences LLC announced that it has purchased Südwestsaat GbR (SWS), a hybrid maize company headquartered in Germany. SWS focuses on breeding, development, registration and production of high performing maize hybrids for Europe. Under the terms of the agreement, Dow AgroSciences would acquire the assets of SWS to include all these activities. The company is the third acquisition for Dow AgroSciences in Europe following Austria’s Maize Technologies International (MTI), and Netherlands’ Duo Maize in 2007. Financial terms of the agreement were not disclosed.
“SWS has an excellent reputation for their breeding technology and superior maize products in Europe and is well positioned for growth,” said Zoë Henderson, Dow AgroSciences business leader for seeds, traits and oils in Europe. “With this acquisition the strengths of SWS will be combined with those of Dow AgroSciences to bring customers additional access to industry leading germplasm and technology.
Read the press release at http://www.dowagro.com/newsroom/corporatenews/2008/20081010a.htm
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