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Agrimarketing : November December 2008
crop protection distributor located in Monte Vista and Delta, CO. The transaction is expected to close by December 31, 2008 and will result in Schall’s operations relocat- ing to new facilities within the same localities. Patz Sales, Inc., Pound,WI, will officially change its name to Patz Corporation on January 1, 2009. Bunge purchases the assets that J.R. ShortMilling Company used in its traditional corn dry mill operations as well as the assets to operate its specialty product line. The purchase does not include J.R. Short’s pellet division. The plant in Kankakee, IL, becomes BungeMilling’s fourth U.S. location. It announces it has terminated its discussions to acquire Corn Products Int’l (CPI) following the CPI’s announcement it would not support the agreement. CPI is obli- gated to pay Bunge a $10 million break-up fee. Trimble acquires the assets of Tru Count, Inc., Ames, IA, and announces it will become part of its Agriculture Division. Tru Count is a leadingmanufac- turer of air and electric clutches that automate individual planter rowshut- off and are compatiblewith Trimble’s GPS guidance technology,which is a key enabler for their equipment. Syngenta acquires U.S. flower seeds producer, Goldsmith Seeds, Inc., Gilroy,CA, for $74 million. It will maintain the Goldsmith brand in the market under the Syngenta Flowers umbrella. The company signs an agreement to acquire SPS Argentina SA (SPS), a company primarily specialized in the development, produc- tion and marketing of soybean, corn and sunflower. It signs an agreement to acquire the pot and garden Chrysanthemum and Aster business of U.S. flowers producer Yoder Brothers Inc., Barberton, OH. The acquisition includes all rights to Yoder’s Chrysanthemum and Aster genetics and breeding programs, as well as the Yoder brand name, and will involve some 150 employees joining Syngenta. Syngenta Seeds Canada, Inc. partners with Univar Canada to dis- tribute corn, soybeans, inoculants and forages in an expansion move into western Canada. Dan Crampton, P.Ag., joins the firm as Sls Agronomist to work with Univar and its customers. Syngenta Canada’s NK Brand forms a new Customer Care team that is responsible for processing orders, returns and delivery of all the company’s products. Team members includeManon Tanguay, for Quebec and the Ottawa Valley,Debbie Galos for central Ontario and Danielle Kinnaird for southwestern Ontario. Keith Brimmer is promoted to Commercial OpsMgr. where he will oversee the company’s planning, allocation and order management. AM Pioneer Hi-Bred and Farms Technology,LLC, announce e-PitSM, a new proprietary service technology available through www.MarketPoint.com that will sim- plify and speed up grain commodi- ties hedging for buyers by providing concurrent electronic hedge orders and cash commodity transactions. The companies expect the new program will benefit growers by increasing the number of potential grain buyers be accessing the serv- ice. TheMarketPoint resource cur- rently has over 120 buyer locations and more than 7,100 growers from Nebraska and Iowa registered with the program. AM mean we BUSINESS
American Seed Trade Association