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Monsanto to Buy Seed Firm for $863 Million

1:14 PM MDT | March 31, 2008 | Michelle Bryner

Monsanto says it has signed a definitive agreement to acquire De Ruiter Seeds Group (Bergschenhoek, the Netherlands), a provider of protected-culture vegetable seeds, for €546 million ($863 million) including debt. The deal is expected to be accretive to earnings in the second fiscal year following its completion, Monsanto says. The acquisition will expand Monsanto's fruit and vegetable seed business by adding products for the protected-culture market, the company says. Including De Ruiter Seeds, Monsanto expects sales from its fruit and vegetable seed...

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