Lubbock, Texas
May 31, 2007
Acquisitions will make Americot
the second largest cotton seed company in the Southwest, third
largest in the country
Americot, Inc. announced
today that it has agreed to acquire the NexGen™ brand of cotton
seed as well as specific
Delta and Pine Land germplasm. These acquisitions will make
Americot® the second largest cotton seed company in the
Southwest region in market share, and the third largest in the
country.
The NexGen brand and germplasm are being divested by Monsanto to
address competitive concerns raised by the U.S. Department of
Justice in connection with Monsanto's acquisition of Delta and
Pine Land Company. The germplasm assets include the germplasm
Monsanto had in its pipeline for the NexGen brand as well as
certain germplasm from Delta and Pine Land.
 Terry Campbell
(photo), General Manager for Americot, says, "Americot
supplies Southwest, Midsouth and Southeast cotton growers with
quality planting seed of varieties that provide high-yield
potential and excellent fiber quality with the technologies that
growers want and need, including Bollgard II® and Roundup Ready®
Flex.
“This acquisition of the NexGen brand of cotton seed will
provide us a larger footprint in the Southwest market; it will
strengthen our portfolio of high-quality germplasm available to
growers in the Southwest. NexGen varieties offer High Plains
growers stormproof cotton options with excellent fiber quality,
high-yield potential and earliness. NexGen Roundup Ready Flex
varieties are currently sold out, but there is still a good
supply of Roundup Ready® varieties including NG1553R, NG2448R
and NG3969R.
"Additionally, the germplasm divested from Delta and Pine Land
will be used to develop new cotton products under the Americot
brand for the Midsouth, Southeast and the Southwest regions.
This germplasm will complement our Americot cotton portfolio
that includes the widely adapted AM 1532 B2RF, which is a
Bollgard II/Roundup Ready variety. We will have one of the
largest germplasm bases available to which we can combine with
the latest and best biotechnology traits from across the world
to benefit U.S. growers. We will have the freedom to stack
anybody's technology traits in future varieties. In 2008,
Americot will launch two new Bollgard II with Roundup Ready Flex
products and three new Roundup Ready Flex products."
The acquisition is subject to regulatory approval by the U.S.
Department of Justice and is expected to close as soon as
practical.
Americot, Inc. headquartered in Lubbock, Texas provides
Southwest, Midsouth and Southeast cotton growers with quality
planting seed of varieties that offer high yield potential and
excellent fiber quality with the technologies that growers want
and need. For more information on Americot cotton products, go
to www.americot.com. Information on NexGen cotton products will
be available from Americot representatives or at the company
website following completion of the transaction.
Americot® is a registered trademark of Americot, Inc.
Bollgard®, Bollgard II® Roundup Ready® are registered trademarks
of Monsanto Technology, LLC.
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