Indianapolis, Indiana and Ralls,
Texas
March 6, 2008
Dow AgroSciences LLC, a wholly owned subsidiary of The Dow
Chemical Company, announced today it will further expand its
plant biotechnology business with the acquisition of
Triumph Seed of Ralls,
Texas.
Triumph Seed began its seed business in 1965. Today, Triumph
markets sunflowers, corn, and sorghum across the U.S. and in
approximately 25 countries. Triumph has been one of the industry
leaders in sunflowers and was the first company in the industry
to market worldwide “short stature” sunflower hybrids.
“The Triumph acquisition is a great strategic fit for Dow
AgroSciences. It strengthens our strong sunflower business by
providing additional elite sunflower technology, a solid export
business, and further expands our geographic corn and sorghum
marketing areas in the U.S.,” said Stan Howell, vice president,
North America, Dow AgroSciences.
The agreement includes all commercial, production, research and
development assets of the business. Noble Koepp, president and
owner of Triumph Seed, will continue to work with the business
in a number of leadership and strategic planning activities.
Dow AgroSciences will continue to market Triumph seed under the
Triumph brand to complement the company’s current Mycogen Seeds
business.
Koepp added, “Maintaining the Triumph brand is an important plus
for the company and its customers, yet allows us to broaden our
opportunities with access to exciting new technologies and
genetics through Dow AgroSciences.”
Along with the acquisition, Dow AgroSciences has named John
Monko as general manager of Triumph Seed. Monko most recently
served as District Sales Manager based in North Carolina, and
has worked for Dow AgroSciences for more than 28 years. Monko
assumes the leadership role of Triumph effective immediately and
will be relocating to Texas.
“The people of Triumph welcome John in this new leadership
transition,” said Koepp. “Our desire is that this will be a
functional, seamless process allowing us to focus on the future
of brand development, relationship building and product
performance. This will continue to remain as our goal.”
Financial terms of the agreement were not disclosed.
Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is
a top-tier agricultural company that combines the power of
science and technology with the "Human Element” to constantly
improve what is essential to human progress. Dow AgroSciences
provides innovative technologies for crop protection, pest and
vegetation management, seeds, traits, and agricultural
biotechnology to serve the world's growing population. Global
sales for Dow AgroSciences, a wholly owned subsidiary of The Dow
Chemical Company, are $3.8 billion.
Triumph Seed Company, Inc. is a planting seed company that
develops, produces and markets premium quality seeds in the
United States and throughout the world. Triumph Seed possesses a
superior corporate commitment to product quality and customer
satisfaction while maintaining a focus on providing the most
advanced products today’s technology can offer.
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