Dow Acquires Brazilian Seed Company
3 August 2007 “The acquisition of this premier seeds business reflects Dow’s commitment to grow its Agricultural Sciences activities globally. This is another example of Dow’s commitment to pursuing strategic investment opportunities that drive value growth in the company’s downstream performance businesses and in rapidly growing geographies,” said Jerome Peribere, president and chief executive officer of Dow AgroSciences.
The agreement includes all commercial, production, and R&D assets of the corn seeds business of Agromen, a Brazilian company with 35 years of experience and a solid base of hybrids for Brazilian agriculture.
Financial terms of the agreement were not disclosed.
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