Rochester,NY 7/15/2009 8:09:03 PM
DOW - Dow Chemical acquires majority of material goods from Pfister Hybrids
DOW CHEMICAL
DOW CHEMICAL, DOW
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Dow Chemical Co. on Tuesday said a subsidiary is acquiring the majority of assets of Illinois-based corn company Pfister Hybrids. Dow AgroSciences LLC will acquire the Pfister brand and the sales and marketing areas, as well as the warehousing and administrative services of the business. The company will continue to independently market seeds under the Pfister Seeds brand, and Pfister Seeds will continue to be headquartered in El Paso, Ill. Dow AgroSciences is an agricultural company that develops crop protection, pest and vegetation management, seeds, traits and agricultural biotechnology. The company said the deal will further expand its current U.S. seeds business. The deal is expected to close in the near future. Financial terms of the deal were not disclosed.
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