Dow AgroSciences LLC announced today it is acquiring assets of Brodbeck Seed Inc. of Wabash, Ind. The addition of the newly formed Brodbeck Seeds LLC will build upon Dow AgroSciences’ current seeds business and will expand its broad range of product offerings. Financial terms of the agreement were not disclosed.
“Over the past few decades, Brodbeck Seed has developed an excellent reputation in Indiana and surrounding areas for providing new technology through its product development programs, high yielding quality products and excellent service to customers,” said Stan Howell, vice president, North America, Dow AgroSciences. “We are very pleased to have them represent Dow AgroSciences’ technologies to customers in the Eastern Cornbelt.”
Under the terms of the agreement, Dow AgroSciences will acquire all sales, marketing and agronomy assets and the product development program and associated assets. Stan Leland, president of Brodbeck, will remain with the business to lead Brodbeck. Doug Rice will serve as the financial and marketing manager, and Mike Coomer will continue to lead the research and development activities. Current Brodbeck owned production and distribution assets will be operated by Advanced Ag Resources, Inc. and Accelerated Ag Distribution, LLC, respectively. Both companies will be led by Robert Hettmansperger.
Dow AgroSciences will continue to independently market Brodbeck Seeds under the Brodbeck brand, and the company headquarters will remain in Wabash, Ind.
“Our goal was to find a partner that had the same fundamental business philosophies as we have at Brodbeck,” said Stan Leland, president of Brodbeck Seed. “These philosophies include providing the best possible genetics and traits to our customers and potential customers in our marketing area. We feel with the support of Dow AgroSciences and the reputation the Brodbeck brand has established over the last 75 years, together, we can compete in this ever changing market place.”
Recent seed company acquisitions by Dow AgroSciences, together with Mycogen Seeds, will enable Dow AgroSciences to commercialize its HERCULEX® Insect Protection traits, SmartStax™, and Dow Herbicide Tolerance (DHT) technologies for the benefit of corn and soybean growers.