Dow Acquires Triumph Seed
18 March 2008 Dow AgroSciences LLC acquired Texas-based Triumph Seed, a sunflower, corn, and sorghum seed producer with business in the US and 25 other countries, a Dow release stated.
“The Triumph acquisition is a great strategic fit for Dow AgroSciences. It strengthens our strong sunflower business by providing additional elite sunflower technology, a solid export business, and further expands our geographic corn and sorghum marketing areas in the US,” said Stan Howell, vice president, North America for Dow AgroSciences.
The agreement includes all commercial, production, and research and development assets of Triumph. Noble Koepp, president and owner of Triumph Seed, will continue to work with the business in a number of leadership and strategic planning activities, and Dow AgroSciences will continue to market Triumph seed under the Triumph brand to complement the company’s Mycogen Seeds business.
Along with the acquisition, Dow AgroSciences has named John Monko as general manager of Triumph Seed. Monko most recently served as District Sales Manager based in North Carolina, and has worked for Dow AgroSciences for more than 28 years. Monko assumes the leadership role of Triumph effective immediately, and will be relocating to Texas.
Financial terms of the agreement were not disclosed.
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