Dow Chemical Company's subsidiary, Mycogen Seeds, has acquired the assets of Cargill Hybrid Seeds from Cargill Inc. Dow plans to combine the Mycogen and Cargill seed units, creating the third-largest U.S. seed corn producer. The sale was expected to close last month.
"This agreement is consistent with the objective to selectively expand Mycogen's retail seed presence in support of our plans to market insect-resistance traits and other biotechnology products," says Pete Siggelko of Dow AgroSciences, LLC, a Dow subsidiary.
Siggelko says the sales, service and distribution of Cargill and Mycogen seed products won't be affected through the 2001 growing season.
Cargill Hybrid Seeds and Mycogen Seeds both develop and sell corn, soybean, sunflower, alfalfa and sorghum seed in the U.S. and Canada.