St. Louis, Missouri
August 8, 2005
Monsanto Company (NYSE:MON) announced today that it has
completed the sale of Monsanto Enviro-Chem Systems Inc. to a new
company formed by the Enviro-Chem management team and an outside
investor. The new company will do business as MECS, Inc. Terms
of the sale were not released.
Monsanto announced in April
that it had entered into a letter of intent to sell the business
to the management group. The company has been reporting results
for the Enviro-Chem business as discontinued operations since
the second-quarter period, which ended Feb. 28, 2005.
Monsanto Company is a
leading global provider of technology-based solutions and
agricultural products that improve farm productivity and food
quality. |