Dow AgroSciences Announces Agreement to Acquire Assets of Grand Valley Hybrids
Business Wire, Sept 02, 2010
INDIANAPOLIS & GRAND JUNCTION, Colo. — Dow AgroSciences LLC announced today it is acquiring the assets of the
Colorado based seed company Grand Valley Hybrids. The addition of Grand
Valley complements Dow AgroSciences Mycogen Seeds brand and its western
U.S. silage business.
Grand Valleys strong presence in the silage market and brand
recognition in the West will provide a significant opportunity to expand
our silage business, said Chris Garvey, Mycogen General Manager. Grand
Valleys combination of outstanding customer service and commitment to
innovation and quality complements our strategy to build a world-class
seeds business.
Under the terms of the agreement, Dow AgroSciences will acquire the
Grand Valley sales and marketing areas, as well as the administrative
services of the business. For the 2010/2011 season, Grand Valley will
continue to operate under the Grand Valley brand, and customer service
will remain at its existing location in Grand Junction. Grand Valley
customers will gain access to Dow AgroSciences technologies including Silage-Specific
BMR and TMF corn hybrids in addition to the technologies they
already have access to today — SmartStax and HERCULEX
Insect Protection.
Since 1946 Grand Valley Hybrids has been an advocate for the Western
farmer, feeder and dairyman, said Mark Harris, vice president of Grand
Valley Hybrids. The importance of Grand Valley Hybrids Western hybrid
performance, agronomic expertise and customer relationships have been
recognized by Dow AgroSciences. Their commitment to growing our mutual
business based upon what works in the West is good for our customers now
and in the future. We are excited about adding a wider selection of
germplasm, traits and technical expertise that build upon what we and
our customers have learned over the last 65 years.
Going forward, Alan Ferris, current president of Grand Valley, will
continue to be involved with the business and will serve as a consultant
to Grand Valley Hybrids and Mycogen Seeds to ensure a smooth transition
and integration. Mark Harris, current vice president of Grand Valley,
has been named commercial and business integration manager.
Harris added, Dow AgroSciences values our customers as much as we do,
and we look forward to being a trusted and valuable part of Western
agriculture for years to come. We look forward to this partnership, and
Alan and I speak for all of us at Grand Valley Hybrids and Dow
AgroSciences when we say that we will continue doing what we do best —
putting the right hybrid, with the right traits, at the right time — on
our customers farms.
About Grand Valley Hybrids
Grand Valley Hybrids has been growing and conditioning hybrid seed corn
in the West since 1946. Grand Valley runs an independent research and
testing program dedicated to the development of hybrids specifically
adapted to the Western U.S. Grand Valley currently markets corn hybrids,
alfalfa seed, forage sorghums, sudan grasses and silage and alfalfa
inoculants in the 12 Western states: Arizona, California, Colorado,
Idaho, Kansas, Nebraska, New Mexico, Oklahoma, Oregon, Texas, Utah and
Wyoming.
About Dow AgroSciences
DowAgroSciences LLC, based in Indianapolis, Indiana, USA, is a top-tier
agricultural company providing innovative agrochemical and biotechnology
solutions globally. The company, a wholly owned subsidiary of The Dow
Chemical Company, has sales of $4.5 billion. Learn more at www.dowagro.com.
SmartStaxTM multi-event technology developed by Dow
AgroSciences and Monsanto.
HERCULEX is a trademark of Dow AgroSciences LLC
Herculex Insect Protection technology by Dow AgroSciences and
Pioneer Hi-Bred
SILAGE-SPECIFIC is a trademark of Mycogen Corporation
SmartStax is a trademark of Monsanto Technology LLC
hybrid marketing