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Monsanto to Purchase Chesterfield Village Research Center From Pfizer
Date:11/9/2009

santo employees and contractors work on site, most of whom are researchers.

Monsanto expects the site to continue to support its robust pipeline, which is focused on increasing agricultural productivity such as drought-tolerant corn and higher-yielding soybeans, and will enable the company to reach its goal of doubling yields in its core crops by 2030.

The Chesterfield Village Research Center has a unique history between Monsanto and Pfizer. The site was originally built by the former Monsanto Company for approximately $150 million and opened in 1984. At that time, the former Monsanto was a life sciences research company, with research interests in both agriculture and pharmaceuticals. In 2000, the former Monsanto merged with Pharmacia & Upjohn Inc. and changed its name to Pharmacia Corporation. The current Monsanto Company was incorporated in 2000 and spun off from Pharmacia in 2002, becoming a completely independent company focused solely on agriculture. The new Monsanto leased space at the Chesterfield site from Pharmacia, and the lease continued after Pfizer acquired Pharmacia in 2003.

The companies expect to complete the transaction in the first half of 2010.

About Monsanto Company

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on Twitter at www.twitter.com/MonsantoCo, on Facebook at www.facebook.com/MonsantoCo, or subscribe to our

SOURCE Monsanto Company
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