Source: Pioneer Hi-Bred
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 Schickler, president, Pioneer Hi-Bred.