ST. LOUIS, July 2 /PRNewswire-FirstCall/ -- Monsanto Company (NYSE:MON) announced that it has completed its proposed acquisition of Marmot, S.A., which operates Semillas Cristiani Burkard (SCB), a privately-held seed company headquartered in Guatemala City, Guatemala.
SCB is the leading Central American corn seed company focused on hybrid corn production. The company has long-standing relationships with farmers and works with more than 900 dealers in the Central American region. The acquisition will build on Monsanto’s corn business leadership in Latin and Central America, and enable it to offer farmers in Central American countries broader access to corn seed products.
“We look forward to working with the people at SCB and continuing their mission of delivering innovative higher-yielding seed offerings to farmers,” said Brett Begemann, Monsanto’s executive vice-president of Global Commercial.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. For more information, please visit the company’s web site at http://www.monsanto.com/.
About Semillas Cristiani Burkard
Founded in 1966, Semillas Cristiani Burkard is a leading seed company in the Latin America Tropics headquartered in Guatemala. It is devoted to the development of seed for corn, grain sorghum, forage sorghum hybrids and soybean varieties.
Cautionary Statements Regarding Forward-Looking Information:
Certain statements contained in this release are “forward-looking statements,” such as statements concerning the company’s anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company’s actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company’s exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public acceptance of biotechnology products; the success of the company’s research and development activities; the outcomes of major lawsuits; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company’s estimates related to distribution inventory levels; the company’s ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company’s facilities; and other risks and factors detailed in the company’s most recent periodic report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.
First Call Analyst:
FCMN Contact:
Source: Monsanto Company
CONTACT: Media, Danielle Jany, +1-314-694-2478, or Analysts, Scarlett Lee Foster, +1-314-694-8148, both for Monsanto Company
Web site: http://www.monsanto.com/
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