Monsanto to acquire Seminis in $1.4 billion deal
Monsanto to acquire Seminis in $1.4 billion deal
Agricultural products giant Monsanto Co. announced Jan. 24 that it will acquire fruit and vegetable seed company Seminis for about $1 billion in cash plus the assumption of $400 million in debt. The move is seen as a way for Monsanto to capitalize on the healthy-eating trend and enhance its portfolio of seed operations. Oxnard, CA-based Seminis supplies more than 3,500 seed varieties to the commercial fruit and vegetable industry in more than 150 countries around the world. The seeds that Seminis develops and produces are designed to reduce the need for agricultural chemicals, increase crop