Thursday, 3 July 2008

Monsanto consolidates in Central America

Controversial international argicultural biotech business Monsanto Company reports that it has completed its acquisition of Marmot, S.A. Marmot operates Semillas Cristiani Burkard (SCB), a privately-held seed company based in Guatemala City. SCB is the leading Central American corn seed company focused on hybrid corn production. This acquisition is expected to build on Monsanto's corn business in Latin and Central America, enabling it to offer farmers in Central American countries broader access to corn seed products [Source: Trading Markets].

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