Indianapolis, Indiana
May 1, 2007
Dow AgroSciences LLC, a wholly owned subsidiary of The Dow
Chemical Company, announced today it has acquired assets of the
Austrian affiliate of Maize
Technologies International (MTI), an Austrian based corn
seed company, including its breeding programs, germplasm, and
related technology, as well as ownership of MTI's French
affiliate and other related assets. Financial terms of the
purchase were not disclosed.
"MTI is a good fit for Dow AgroSciences as we work to bring
innovative solutions to corn farmers around the world," said
Jerome Peribere, Dow AgroSciences president and CEO. "Dow
AgroSciences gains valuable sources of new genetics to increase
the depth and diversity of the company's portfolio as we expand
our corn business platform in Western, Central, and Eastern
Europe and North America. Additionally the genetics bring
exciting potential for higher levels of stress tolerance --
cold, moisture, frost -- in early maturity zones."
MTI is an Austrian based corn seed company with affiliates in
Belgium, France, the Czech Republic, the Slovak Republic,
Moldavia and the United States. MTI develops innovative corn
hybrid products for the temperate corn seed and works in close
partnership with local breeding programs in Central and Eastern
Europe. Further information at
www.maizetec.com.
Dow AgroSciences LLC, based in Indianapolis, Indiana, U.S.A., is
a top-tier agricultural company, providing innovative crop
protection, seeds, and biotechnology solutions to serve the
world's growing population. A wholly owned subsidiary of The Dow
Chemical Company, global sales for Dow AgroSciences are $3.4
billion. Learn more at
www.dowagro.com.
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