Dow AgroSciences Acquires Netherlands Based Duo Maize
Acquisition Expands Corn Seed Platform in Europe
Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, announced that it has further strengthened its global corn seeds platform with the acquisition of Netherlands-based Duo maize. The deal follows two other recent acquisitions in the corn seeds arena, involving Brazil's Agromen Tecnologia, and Austrian company Maize Technologies International (MTI).
"The expanding seed platform that we are building will enable us to leverage superior Dow AgroSciences input and output traits in key crops around the world," said Jerome Peribere, Dow AgroSciences president and chief executive officer.
Duo Maize is a corn germplasm company focused primarily on early maturing germplasm silage applications for northern climates. The technology shall enhance and expand the strong silage market presence Dow AgroSciences has established in the U.S. with a silage-specific product line. At the same time, it shall also position Dow AgroSciences as a key player in European silage applications, complementing the breeding program and germplasm recently acquired from MTI.
The agreement includes all of the corn silage germplasm developed by Duo Maize. Financial terms of the agreement were not disclosed.
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