St. Louis, Missouri
July 2, 2008
Monsanto Company (NYSE: MON) announced that it has completed
its proposed acquisition of Marmot, S.A., which operates
Semillas Cristiani Burkard
(SCB), a privately-held seed company headquartered in Guatemala
City, Guatemala.
SCB is the leading Central American corn seed company focused on
hybrid corn production. The company has long-standing
relationships with farmers and works with more than 900 dealers
in the Central American region. The acquisition will build on
Monsanto's corn business leadership in Latin and Central
America, and enable it to offer farmers in Central American
countries broader access to corn seed products.
"We look forward to working with the people at SCB and
continuing their mission of delivering innovative
higher-yielding seed offerings to farmers," said Brett Begemann,
Monsanto's executive vice-president of Global Commercial.
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality.
Founded in 1966, Semillas Cristiani Burkard is a leading seed
company in the Latin America Tropics headquartered in Guatemala.
It is devoted to the development of seed for corn, grain
sorghum, forage sorghum hybrids and soybean varieties. |
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