Dow AgroSciences announced this afternoon it was acquiring Dairyland Seed Company, West Bend, Wis. and Bio-Plant Research, Camp Point, IL. No terms of the agreement were announced, with closing expected later this month.
Dairyland will operate as a separate division of Dow, and will be managed by Tom Strachota, Dairyland's current CEO. Bio-Plant will continue to be led by Chuck Simmons.
The seed dealer networks of both Dow (Mycogen and Triumph) and Dairyland will also be maintained, with each network continuing to sell its own brand exclusively.
In a press conference this afternoon, Ben Kaehler, Dow AgroScience commercial leader for seed affiliates, declined to disclose the market share of each company. But he says the combined sales of both companies still represents a modest portion of the corn, soybean and alfalfa business within the United States. The acquisition "will strengthen our geographic footprint. We think having two brands in the marketplace will give us a stronger position than trying to do it with just one.”
The acquisition will immediately give Dairyland Seed access to Herculex Insect Protection traits, Smartstax and Dow Herbicide Tolerance technologies.