Indianapolis, Indiana and El Paso,
Illinois
July 14, 2009
Dow AgroSciences LLC announced today it is acquiring the
majority of assets of Illinois based corn company
Pfister Hybrids. The
addition of Pfister Hybrids will further expand Dow
AgroSciences’ current U.S. seeds business as the company
anticipates the introduction of SmartStax™ in 2010 and Dow
AgroSciences Herbicide Tolerance (DHT) technology in corn in
2012. The transactional close is expected in the near future.
“Pfister was one of the founding seed corn companies in the
Midwest, and we are proud to continue the legacy started more
than seven decades ago by one of the nation’s original seedsmen
Lester Pfister,” said Stan Howell, vice president, North America
Regional Commercial Unit for Dow AgroSciences. “Pfister Seeds is
a welcomed addition to our U.S. seed business. At Dow
AgroSciences investing in innovation is the key to our future,
and we look forward to building upon the Pfister tradition.”
Under the terms of the agreement, Dow AgroSciences will acquire
the Pfister brand and the sales and marketing areas, as well as
the warehousing and administrative services of the business. Dow
AgroSciences will continue to independently market seeds under
the Pfister Seeds brand, and Pfister Seeds will continue to be
headquartered at its existing location in El Paso.
Linda Brown, president for Pfister, will remain with Pfister
Seeds LLC as general manager. Dale Brown will continue with
Pfister as the business and brand development lead, and Bill
Salmi will remain as the company controller.
“I’m very pleased that the Pfister brand will continue with Dow
AgroSciences,” said David Pfister, CEO, Pfister Hybrids. “The
additional resources they provide will help enhance the service
and support to our customers along with providing better access
to new genetics and traits. I am excited that together with Dow
AgroSciences, Pfister will be able to provide an excellent
choice for providing Midwestern corn growers the quality seed
they have come to expect.”
Lester Pfister founded Pfister Hybrid Corn Company more than 70
years ago and was one of the first seedsmen in the United
States. He was recognized as “Outstanding Corn Breeder of the
World” by the Museum of Science and Industry, and by 1940, 44
states and 30 countries were planting Pfister corn. His early
innovations in corn breeding and production aided in the
development of today’s hybrid seed corn industry.
Pfister Hybrids has been a leader in hybrid innovation for
more than 70 years. It consistently provides customers with
quality genetics, the highest-yielding hybrids and the latest in
value-added traits. Pfister provides person-to-person service to
its customers through a network of committed sales and support
experts, always ready to help in any way. Most importantly,
Pfister has a unique tradition of customer service that has been
instilled in every member of the company since 1936. Learn more
at www.pfisterhybrid.com
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 $4.5 billion. Learn more at
www.dowagro.com.
SmartStaxTM multi-event technology developed by Dow AgroSciences
and Monsanto. SmartStax is not yet registered for sale or use.
U.S. Environmental Protection Agency registration of SmartStax
is anticipated by 2010.
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