Monsanto Purchases World’s Largest Vegetable Seed Company
“And We Have the Seeds”
Monsanto Purchases World’s Largest Vegetable Seed Company
“Monsanto Company to Acquire Seminis, Inc., a Leading Vegetable and Fruit Seed Company
Acquisition Expected to Add Near-term Income Growth and Diversity to Monsanto’s Seed Portfolio
ST. LOUIS (Jan. 24, 2005) - Monsanto Company (NYSE: MON) announced today that it signed a definitive agreement to acquire Seminis, Inc., for $1.4 billion in cash and assumed debt… “
(From Monsanto Press Release)
Monsanto Goes Healthy?
The news of Monsanto’s agreement to purchase Seminis has received little attention from the media other than the financial pages and a few seed industry and anti-globalization web sites. But then again, why should it? How many consumers – of food or seed – have even heard of Seminis? And yet, as Seminis spinmeister Gary Koppenjan said, “If you’ve had a salad, you’ve had a Seminis product.”
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