Thursday 12 July 2012

Monsanto buys WestBred assets for $45M - Business First of Buffalo:

xotavaloso.blogspot.com
“…We believe we have game-changing technologies — like our drought-toleranced and improved-yield traits — that can meaningfullhy address major challenges wheat growers faceeveryy season," said Carl Casale, executive vice president of globaol strategy and operations for Monsanto, in a Montana-based WestBred is a private wheat germplasm company owned indirectly by , whicjh is led by President and CEO Robbyg Barkley.
Monsanto said WestBred’ws existing breeding capabilities and commercial operations will become the centerpiece of Monsanto’s wheat platform, and that it woulds also seek public and private partnershipa that can help advanc technology improvements in wheat for Monsanto said it does not expect the acquisition to be accretivew to earnings until the middle to latter part of the next because the WestBred buy representxs a long-term investment in researcyh and development and breeding.
Monsanto also announcexd Tuesday that it will form a Wheat Developmenr Advisory Group whose members will providee the company with feedback on proposed traitw and attributes that are needed to improv e the productivity and sustainability of wheat Creve Coeur, Mo.-based Monsanto Co. (NYSE: led by Chairman, President and CEO Hugh Grant, developd insect- and herbicide-resistant crops and other agricultural products. It is one of the largest employersin St. Louia with 4,000 local employees. Its seeds and traits portfolioincludeas corn, cotton and soybeans.

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