Mycogen Seeds announced today that it has completed its acquisition of Cargill Hybrid Seeds from Cargill Incorporated. The newly acquired assets will be integrated into the Mycogen organization, which is affiliated with Dow AgroSciences LLC, providing a larger and more efficient platform for delivering top quality seeds and biotechnology products to market. Financial terms of the sale were not disclosed.

Mycogen acquired all seed research, production and distribution assets of Cargill Hybrid Seeds in the U.S. and Canada, except Cargill's InterMountain Canola, Goertzen Seed Research and the Western Canadian seed distribution business.

With a growing portfolio of corn, soybean, sunflower, alfalfa and sorghum seed products in the U.S. and Canada, Mycogen Seeds is now the third-largest producer in the increasingly important U.S. seed corn market.

"The acquisition of Cargill Hybrid Seeds adds outstanding people, germplasm, operations and research capabilities to an already-strong Mycogen Seeds organization,'' said Pete Siggelko, Global Leader, Plant Genetics & Biotechnology, Dow AgroSciences.

"We are excited about the strength of the combined organization and look forward to leveraging that strength to provide farmers even greater innovation and a more well-rounded product offering.''

Siggelko noted that the acquisition will not affect the sales, service or distribution of seed products from Cargill Hybrid Seeds and Mycogen Seeds during the 2000/01 sales season.

Mycogen Seeds is a wholly owned subsidiary of The Dow Chemical Company and is an affiliate of Dow AgroSciences LLC.

Dow AgroSciences LLC, based in Indianapolis, is a global leader in providing pest management and biotechnology products that improve the quality and quantity of the earth's food supply and contribute to the safety, health and quality of life of the world's growing population. Dow AgroSciences has approximately 6,000 people in over 50 countries dedicated to its business, and has worldwide sales of more than $2 billion. Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical Company. 

Company news release
N3092