Monsanto acquires selected assets Agradis

Monsanto acquires selected assets of Agradis

9:28 AM, 31st January 2013
Monsanto acquires selected assets of Agradis

ST LOUIS, US: Monsanto Company has purchased selected assets of Agradis Inc, a privately held company focused on developing sustainable agricultural solutions. Monsanto’s purchase includes the Agradis name and its collection of microbes that can improve crop productivity. Monsanto has also acquired the company’s R&D site in La Jolla, California. Additional details were not disclosed.

The assets of Agradis not purchased by Monsanto include castor and sweet sorghum breeding and genetic optimization technologies, as well as a novel product used to prevent fungal growth on fruits and vegetables.

“Agradis’ collection of plant associated microbes will support Monsanto’s efforts to provide farmers with sustainable biological products to improve crop health and productivity. We value the expertise and capabilities the Agradis team brings to Monsanto as we continue to build on this exciting area of research,” said Steve Padgette, R&D investment strategy lead, Monsanto.

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