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Posted on: November 25th, 2009 at 13:10:06
CALGARY and BLENHEIM, ONTARIO – (Nov. 24, 2009) – Dow AgroSciences
Canada announced today it is acquiring the assets of Hyland Seeds, a division of
Thompsons Limited of Blenheim, Ontario. The addition of Hyland Seeds will further
expand Dow AgroSciences’ current seeds business as the company anticipates the
introduction of SmartStax™ in 2010 and Dow AgroSciences Herbicide Tolerant Trait
Technology in corn in 2012. The transactional close is expected in the near future.
“This acquisition brings together two strong progressive companies with unique
strengths and leadership to deliver seed and trait technology to our customers,” said
Jim Wispinski, Dow AgroSciences Canada president and CEO. “Hyland Seeds is a
welcomed addition to our seed business. It strengthens the northern tier genetics to
benefit Canada and Northern U.S. seed industry.”
Under the terms of the agreement, Dow AgroSciences will acquire the Hyland brand
and the sales, marketing, and administrative areas. The acquisition also includes
germplasm, the R&D program with three R&D sites and the corn production facility.
Dow AgroSciences will continue to independently market seeds under the Hyland
Seeds brand, and Hyland will continue to be headquartered at its existing location in
Blenheim, Ontario. John Cowan, general manager for Hyland Seeds, will continue in the
same position.
“The entire Hyland Seeds network has worked hard to establish Hyland as the ‘northern
tier’ genetics and trait leader,” says John Cowan, general manager of Hyland Seeds.
“This new alignment with Dow AgroSciences connects Hyland with a respected global
leader and allows us to further strengthen our commitment to bring top genetics and
traits to our customers. This alignment is good news for everyone – our customers, our
employees and our business.”
“From our perspective, it’s a solid fit. Dow AgroSciences’ commitments to integrity,
customer relationships, and innovation have long been an inspiration to us,” said Wes
Thompson, president for Thompsons Limited. “And, we look forward to continuing to
carry the Hyland flag as a dealer.”
Further details of the agreement were not disclosed.
About Thompsons Limited and Hyland Seeds
Founded in 1975, Hyland Seeds has the largest, privately owned, multi-crop breeding
program in Canada. Headquartered in Blenheim, Ontario, Hyland is internationally
recognized for building industry-leading corn hybrids, soybeans, edible beans and
cereal grains. Through extensive crop research programs, modern processing and
dedicated service, the Hyland brand has become synonymous with seed quality. Using
traditional and state-of-the-art technology, Hyland focuses on the development of
hybrids and varieties with an agronomic fit for growers in Canada and the Northern Tier
of the United States. They are a wholly owned division of Thompsons Limited.
Thompsons Limited is a family owned agricultural business headquartered in
Blenheim, Ontario. They supply and service farmers and food processors through
facilities in Ontario and Minnesota. Established in 1924, Thompsons exports to more
than 30 countries with sales of $500 million.
About Dow AgroSciences
Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a top-tier agricultural
company that combines the power of science and technology with the "Human Element"
to constantly improve what is essential to human progress. Dow AgroSciences provides
innovative technologies for crop protection, pest and vegetation management, seeds,
traits, and agricultural biotechnology to serve the world's growing population. Global
sales for Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical
Company, are $4.5 billion.
Dow AgroSciences Canada Inc. brings innovation to life through people, chemistry and
biotechnology in the areas of seed & crop production and pest management. Dow
AgroSciences Canada Inc. is headquartered in Calgary, with a corn breeding facility
in St. Mary's, Ontario, and a canola discovery and breeding facility in
Saskatoon, Saskatchewan. For more information on Dow AgroSciences Canada Inc.
and its products, visit http://www.dowagro.com/ca .
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