Acquisition Further Expands Sunflower and Corn Business
INDIANAPOLIS and RALLS, TEXAS --- Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company, announced today it will further expand its plant biotechnology business with the acquisition of Triumph Seed of Ralls, Texas.
Triumph Seed began its seed business in 1965. Today, Triumph markets sunflowers, corn, and sorghum across the U.S. and in approximately 25 countries. Triumph has been one of the industry leaders in sunflowers and was the first company in the industry to market worldwide “short stature” sunflower hybrids.
“The Triumph acquisition is a great strategic fit for Dow AgroSciences. It strengthens our strong sunflower business by providing additional elite sunflower technology, a solid export business, and further expands our geographic corn and sorghum marketing areas in the U.S.,” said Stan Howell, vice president, North America, Dow AgroSciences.
The agreement includes all commercial, production, research and development assets of the business. Noble Koepp, president and owner of Triumph Seed, will continue to work with the business in a number of leadership and strategic planning activities.
Dow AgroSciences will continue to market Triumph seed under the Triumph brand to complement the company’s current Mycogen Seeds business.
Koepp added, “Maintaining the Triumph brand is an important plus for the company and its customers, yet allows us to broaden our opportunities with access to exciting new technologies and genetics through Dow AgroSciences.”
Along with the acquisition, Dow AgroSciences has named John Monko as general manager of Triumph Seed. Monko most recently served as District Sales Manager based in North Carolina, and has worked for Dow AgroSciences for more than 28 years. Monko assumes the leadership role of Triumph effective immediately and will be relocating to Texas.
“The people of Triumph welcome John in this new leadership transition,” said Koepp. “Our desire is that this will be a functional, seamless process allowing us to focus on the future of brand development, relationship building and product performance. This will continue to remain as our goal.”
Financial terms of the agreement were not disclosed.
About Dow AgroSciences
Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a top-tier agricultural company that combines the power of scienceand technology with the"Human Element” to constantly improve what is essential to human progress. Dow AgroSciences provides innovative technologies for crop protection, pest and vegetation management, seeds, traits, and agricultural biotechnology to serve the world's growing population. Global sales for Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, are $3.8 billion. Learn more at www.dowagro.com.
About Triumph Seed
Triumph Seed Company, Inc. is a planting seed company that develops, produces and markets premium quality seeds in the United States and throughout the world. Triumph Seed possesses a superior corporate commitment to product quality and customer satisfaction while maintaining a focus on providing the most advanced products today’s technology can offer. Visit us on-line at www.triumphseed.com