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Monsanto Buys NC+ Hybrids
NEW YORK - Mar 2/05 - SNS -- Monsanto Company's American Seeds, Inc. (ASI) paid U.S. $40 million cash for NC+ Hybrids, Inc., headquartered in Lincoln, Nebraska.
NC+ Hybrids, Inc. was recently formed through a reorganization of NC+ Hybrids Cooperative, which was established in Nebraska nearly 50 years ago as a farmer-owned co-operative.
Today, NC+ Hybrids represents approximately 1% of the U.S. corn seed market. NC+ Hybrids, Inc. joins the companies of Channel Bio Corp., ASI's cornerstone business that currently manages three successful independent brands: Crow's Hybrid Corn Company, Midwest Seed Genetics, Inc. and Wilson Seeds.
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