ST. LOUIS -- Monsanto Co. announced that it signed a definitive agreement to acquire Seminis Inc. for $1.4 billion in cash and assumed debt, plus a performance-based payment of up to $125 million payable by the end of fiscal year 2007. "The addition of Seminis will be an excellent fit for our company as global production of vegetables and fruits, and the trend toward healthier diets, has been growing steadily over the past several years," Hugh Grant, chairman, president and chief executive officer of Monsanto, said in a Jan. 24 statement. "Seminis is uniquely positioned to capitalize on this

A major snowstorm that hit the Northeast Jan. 22-23 caused some disruption in the produce trade in Philadelphia, New York and Boston, the latter being particularly affected as up to three feet of snow fell in areas north and east of the city. John Grant, owner of Grant Stanton Produce Co. Inc. in Boston, said, "It was one of the worst four or five storms we've had in the last century. After the snow, business was extremely sparse. This was really a first-class blizzard, with near-hurricane winds and temperatures from zero into the teens. We had 24 to 36 inches of snow, depending where you were

Ferdinand S. Duda, chief executive officer of the agribusiness A. Duda & Sons Inc., based in Oviedo, FL, has announced his retirement from full-time employment with the family-owned business, effective Jan. 1. Mr. Duda has been elected to serve as chairman of the board of directors and will continue to work on special projects for the company on a consulting basis. Joseph A. Duda will succeed his brother as chief executive officer and continue to serve as president. ?F.S. has provided strong, steady leadership during a period of significant growth of both our agriculture and real estate

At least four Costa Ricans were killed, 16,000 people were evacuated and thousands of acres of bananas were destroyed when record-breaking rains struck the Caribbean coasts of Costa Rica and northern Panama Jan. 8. While the worst rainfall was on Jan. 8, the downpour didn?t end until Jan. 13. Dole, Chiquita and Del Monte all have major production in the stricken region, while "Banacol has a farm with a couple hundred hectares impacted. Banacol did not have as much damage as the other companies," Tim Debus, executive director of the International Banana Association in Washington, DC, told The

When Wal-Mart asked its 100 top suppliers to be moving aggressively toward RFID-readiness by Jan. 1, 2005, many in the chip industry doubted it was possible. And it was somewhat of a foregone conclusion that no produce industry firms would be able to comply " nor were they asked to. But just as the giant chain?s general merchandise suppliers began to move toward radio frequency identification, so did some of Wal-Mart?s top produce suppliers. And in the first week of January, some produce shipments did go to the chain with an RFID attached. 'When we started working on this project with Wal-Mart

When Sun World International Inc., in Bakersfield, CA, went on the auction block Thursday, Jan. 13, the bidding opened at $95 million, with Black Diamond Capital Management LLC, a Lake Forest, IL-based investment group and a major Sun World bond holder, as the stalking horse bidder. But other investors were also very eager to add Sun World to their portfolio " so eager that at the end of the day, the winning bid " from Black Diamond " came in at $127,750,000. Sun World President and CEO Tim Shaheen was elated. In a telephone interview with The Produce News immediately following the bankruptcy