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DuPont Enhances its PROaccess℠ Business Strategy Through Acquisitions
Date:6/2/2010

Agreements to acquire three PROaccess℠ distributor seed companies announced.

Des Moines, IA (Vocus) June 2, 2010 -- DuPont has entered into agreements to acquire AgVenture, Kentland, Ind.; Hoegemeyer Hybrids, Hooper, Neb., and NuTech Seed, Ames, Iowa; as part of its Pioneer Hi-Bred business’ PROaccess℠ strategy. Closings are scheduled to occur in the latter part of 2010. Terms were not disclosed.

“We have unique agreements with each of our PROaccess℠ distributors. For these three seed companies, solidifying our relationship through acquisition will improve their ability to serve their customers’ needs,” said Paul E. Schickler, president – Pioneer Hi-Bred.

The innovation breadth and depth of Pioneer research and development will strengthen the already robust businesses and customer relationships of AgVenture, Hoegemeyer Hybrids and NuTech Seed. The companies have exciting growth opportunities reachable by expanding product choices for growers in geographies where they operate.

“The PROaccess℠ strategy continues to be part of our ongoing commitment to expand the availability of Pioneer‘s unique, elite seed genetics using Pioneer-owned brands distributed through alternative routes to market. Ultimately, this will result in growers having more choices for high-performing products to increase their yields and income,” said Schickler.

The three seed companies will continue
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Source: PRWeb
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