Winnipeg, Manitoba
March 11, 2004
Monsanto Company (NYSE: MON),
Gowan Company and Margarita
Internacional today announced the signing of a definitive
agreement and the sale of certain Monsanto triallate chemistry
assets. The financial terms of the agreement were
not disclosed.
The agreement includes product registrations, registration data,
trademarks, business information, as well as manufacturing and
formulation know-how.
Triallate herbicides can be applied as a pre-emergent or
post-emergent control of a variety of grass-type weeds in a
number of grain, oilseed and vegetable crops. Triallate is sold
under the brand names of Avadex, Buckle, Far-Go and Fortress.
"Gowan Company's emphasis has been rooted in the specialty crop
and niche markets," said Cindy Baker, Gowan's president. "The
triallate herbicide business allows us the opportunity to
further expand our niche marketing into the grain markets, where
we can provide this valuable tool to growers."
Through its affiliated companies Gowan Company will incorporate
the triallate brands into their existing herbicide product line,
which includes a variety of herbicides for specialty
agriculture.
"We're pleased to have found a company such as Gowan, a company
committed to ensuring that the benefits of these herbicides can
continue to be realized by growers," said Jim Bowman,
chemistries lead with Monsanto Canada.
This transaction excludes certain triallate selective chemistry
rights in Australia, New Zealand and surrounding nations that
were sold to an unrelated 3rd party in a separate transaction in
2002.
Gowan Company is a registrant and
marketer of crop protection products and is dedicated to
providing quality products to growers in the specialty crop
markets. The Gowan Group of companies champions technology for
agriculture and horticulture through innovative product
development, public advocacy and quality production.
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality. |