By Amanda Brodhagen, Farms.com
Dieckmann GmbH & Co. KG, a German-based company announced that Monsanto plans on purchasing some of its operations. The agreement, which is subject to the approval of antitrust authorities, if approved would have Monsanto acquiring its oilseed rape and rye seed divisions along with the distribution of corn and sunflower seeds.
A spokesperson with Dieckmann says that they are confident that this transfer will lead to new opportunities. “I am confident that the transfer of these business areas to Monsanto will create new opportunities for customers and employees of both companies,” said Johannes Dieckmann, managing director of Dieckmann Seeds.
The deal signals a long-term strategic investment for Monsanto in Germany and Eastern Europe. “I am confident that the transfer of these business areas to Monsanto will create new opportunities for customers and employees of both companies,” said Johannes Dieckmann, managing director of Dieckmann Seeds.