INCOTEC now an independent company

Salinas, California
January 28, 2002

INCOTEC, an international seed technology company, is now completely independent. INCOTEC’s management team and the Dutch venture capitalist company, NeSBIC, have purchased INCOTEC from Seminis. Each of the INCOTEC facilities worldwide, including the North American facility in Salinas, will continue with the same management.

"As an independent company, we will continue our strategy of providing seed technology to North America. We’re a research-oriented company, focused on our customer’s needs," states David Pickenpaugh, General Manager. "INCOTEC has always been driven by technology development. Our research teams here in Salinas and in Europe, anticipating the needs of the market, will provide our customers with the latest innovations in pelleting, film coating, priming, upgrading and disinfection against seedborne diseases."

INCOTEC’s new partner, NeSBIC, is a venture capital fund. They look for long-term gains and specialize in designing and realizing ambitious growth plans for their investment companies. NeSBIC will have representation on INCOTEC’s Board of Directors.

Customer service will continue to be a priority for INCOTEC. "Our focus is on our customers," Pickenpaugh says. "We give them what they want, when they want it and in the form they want it." Customers will continue to deal with familiar faces in the U.S. Fern LaRose will continue as Sales Manager and handle sales in the Eastern United States. Sales consultants Jerry Vosti and Blaise Boyle will service accounts in the West.

INCOTEC develops and markets seed technologies that improve the plantability and emergence of vegetable, flower, tobacco and other agricultural seed. They have production and sales facilities in Salinas, California, Brazil, Japan, and Enkhuizen, Holland, where the company headquarters are located. They are also represented worldwide with sales teams in Italy, Spain, Israel and Australia.

Contact: David Pickenpaugh
831 757-4367
david.pickenpaugh@incotec.com

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