Dow AgroSciences Acquires Corn Seed Business of Brazil-Based Agromen Tecnologia

Acquisition Expands Seed Platform and Supports Strategic Agenda for Insect-Resistance and Herbicide Tolerant Traits

03-Aug-2007

Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, announced that it will substantially expand its Brazilian corn seeds business with the acquisition of Agromen Tecnologia Ltda.

"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, Dow AgroSciences president and chief executive officer.

The agreement includes all commercial, production, and research and development assets of the corn seeds business of Agromen, a Brazilian company with 35 years of operations and a solid base of hybrids for Brazilian agriculture.

Financial terms of the agreement were not disclosed.

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