St.. Joseph, Missouri
February 8, 1999Research Seeds, Inc. announced today its
acquisition of Seed Research of Oregon, an internationally recognized leader in the
research, development and marketing of turfgrasses.
"The move completes research, operational and marketing
agreements that have been in effect between the two companies for several years. Its
an important step in the achievement of our ongoing objective of being the leader in the
professional segment of the turf market and a recognized force in the consumer market for
high-quality, improved turfgrass products," said Bill Whitacre, president and CEO of
Research Seeds.
"This agreement provides a tremendous opportunity for
Seed Research of Oregon in our continuing efforts to provide innovative, value-added
products and unsurpassed service and value to the turf industry," said Mike Robinson,
founder and president of Seed Research of Oregon.
Seed Research of Oregon is located in Corvallis, Oregon, in
the heart of the Willamette Valley, the major grass seed production area of the world.
"Our new product development is two-fold maintaining our current effort in
cool-season grasses and expanding the warm-season grass program. Were convinced the
market for improved warm-season grasses presents the industrys most rapid growth
opportunity for the next decade," Robinson said.
Turf division reorganization
Operations of Royal Seeds, a division of Research Seeds and
provider of high-quality Royal(R) brand forage and turf products to wholesale and end-user
customers since 1933, will be merged with those of Seed Research of Oregon, Whitacre
reported. The combined group will continue to offer both SR(R) brand and Royal brand
products to the marketplace.
Robinson will head the combined group as president of Seed
Research of Oregon. Tom Pape has been named Managing Director of Operations. Both will
maintain their Corvallis, Oregon, offices. Bill Junk has been named Managing Director of
Turf Products and will lead that effort from St. Joseph, Missouri.
Research Seeds is recognized as a worldwide leader in the
development, production and marketing of proprietary forage and turf seed and agricultural
microbial products.
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