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Article: Safer completes $10 million financing and market repositioning.
- Article from:
- PR Newswire
- Article date:
- January 5, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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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SAFER COMPLETES $10 MILLION FINANCING AND MARKET REPOSITIONING
NEWTON, Mass., Jan. 5 /PRNewswire/ -- Safer, Inc., the leading manufacturer of environmentally sound pesticides and plant care products, has sold its commercial pesticide division to Mycogen Corporation as part of a $10 million financing announced today. The goal of the transaction is to allow Safer to focus on the rapidly growing retail market for its products and to increase its capital reserves.
The agreement also establishes a scientific collaboration between Mycogen and Safer to develop new environmentally sound products. The collaboration combines Mycogen's leadership applying ...