Dow buys corn seed business in The Netherlands
August 30, 2007
by Jeff Gelski
INDIANAPOLIS — Dow AgroSciences L.L.C. acquired Duo Maize, based in The Netherlands, to further strengthen its global corn seeds platform, Dow AgroSciences said Aug. 30. Financial terms were not disclosed. The Indianapolis-based subsidiary of the Dow Chemical Co. now has made three acquisitions in the corn seed arena since May.
Duo Maize, a corn germplasm company, focuses primarily on early maturing germplasm silage applications for northern climates. The company’s technology will enhance and expand the silage market presence that Dow AgroSciences has established in the United States with its silage-specific product line. The technology also will improve Dow AgroSciences’ position as a player in European silage applications.
Earlier in August, Dow AgroSciences said it had acquired Brazilian-based Agromen Tecnologia Ltda., a corn seeds business. In May, Dow AgroSciences acquired the assets of the Austrian affiliate of Maize Technologies International, an Austrian-based corn seed company. The deal included the affiliate’s breeding program, germplasm and related technology as well as ownership of MTI’s French affiliate and other related assets.