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.
SOURCE Monsanto Company
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Related links:
http://www.monsanto.com
http://www.prnewswire.com/comp/114341.html/
CONTACT:
Media, Danielle Jany, +1-314-694-2478, or
Analysts, Scarlett Lee Foster, +1-314-694-8148, both for Monsanto
Company
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