Monsanto in De Ruiter acquisition

NewsandinsightforNorthAmerica'sfreshproducebuyers
ByCarlCollen
Wednesday2ndApril2008
MonsantoinDeRuiter
acquisition
Monsantoislookingtoenhanceitsvegetableseed
businesswitha�546acquisistion
U
S-based
seed
Biense Visser, De Ruiter CEO, said: "De
Monsanto has announced the
agriculture
group
the
market," said Mr Crews. "This acquisition
protected-culture
vegetable
Ruiter's investment in high-quality seeds,
€546m acquisition of De Ruiter
represents an opportunity to not only
our leadership in the protected culture
Seeds,theDutchseedcompany,inabidto
transform, but to further grow our
market, and our dedicated professionals
strengthenitsvegetableseedbusiness.
vegetableseedbusinessinahighvalue,fast-
will be a valuable addition to Monsanto’s
growingmarketsegment."
business."
The deal, said Monsanto chief financial
officer Terrell Crews, is expected to turn
Themoveisexpectedtobringanumberof
thegroup'svegetableseedoperationintoa
mutual benefits to both companies, with
US$1bn(€632.9m)revenuebusinessby2012.
De Ruiter breeders able to take advantage
"De Ruiter Seeds is a leading provider of
of Monsanto's experience and research in
high-qualityproductstogrowerswithin
market-assistedbreeding.
http://www.fruitnet.com/americafruit/article/1474/parts-of-san-diego-quarantined-as-psyllid-count-mounts
©CopyrightMarketIntelligenceLtd-Fruitnet.com2014.ThecopyrightonthisarticleandallcontentpublishedonMarketIntelligenceLtdFruitnet.comisheldbyMarketIntelligenceLtd-Fruitnet.comLimited,ajointventurebetweenMarketIntelligenceLimitedandDrRolfMWolf
MediaGmbH.Allrightsreserved.Neitherthisarticlenoranypartofitmaybereproduced,storedortransmittedinanyform,includingprintouts,screengrabsandinformationretrievalsystems,withoutthepriorpermissionofthecopyrightowners.