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Monsanto Buys Marmot SA
NEW YORK - Jun 19/08 - SNS -- Monsanto Company will buy Marmot, S.A., which operates Semillas Cristiani Burkard (SCB), a privately-held seed company headquartered in Guatemala City, Guatemala.
Once completed, the acquisition will build on Monsanto's corn business leadership and enable it to offer farmers in Central American countries broader access to corn seed varieties. The transaction will be completed as soon as practical. Additional terms of the agreement were not disclosed.
SCB focuses on hybrid corn seed production and is a leading provider of corn, sorghum, forage sorghum, soybeans, and pastures (grass-type seeds). The company operates in twelve countries throughout North, Central and South America and the Caribbean. SCB's General Manager Antonio Cristiani Moscoso will continue to lead the SCB business and its 360 employees.
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