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Monsanto Buys Two Seed Companies
NEW YORK - Mar 1/06 - SNS -- Monsanto Company's American Seeds, Inc. subsidiary bought Gold Country Seed, Inc., based in Hutchinson, Minn., and Heritage Seeds, based in Rensselaer, Ind.
Gold Country Seed, Inc., serves farmers in the northern Corn Belt. Heritage Seeds serves farmers in the eastern Corn Belt.
Monsanto acquired both companies in cash transactions totaling $8.7 million. The specific terms of the individual transactions were not disclosed. Collectively, these two companies represent approximately 0.4% of total U.S. corn and soybean seed sales.
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