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Seed Brands Sell.(American Seeds Inc)(Brief Article)
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Farm Journal
- Article date:
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September 28, 2005
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Copyright informationCOPYRIGHT 2005 Farm Journal Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Andrew Burchett
In September, Monsanto Company subsidiary American Seeds Inc. (ASI) bought five seed companies for $52 million in cash. Together, the companies have about 1% of the U.S. corn seed market.
Four of the companies are members of an alliance called the Core Group. These include Fontanelle Hybrids of Fontanelle, Neb.; Stewart Seeds of Greensburg, Ind.; Stone Seeds of Pleasant Plains, Ill.; and Trelay Seeds of Livingston, Wis. In a fifth transaction, ASI bought Specialty Hybrids of West Lafayette, Ind.
Business model. The Core Group companies and Specialty Hybrids will continue to operate independently. The seed companies are part of the ASI model ...
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