Today, Jan. 30, Dow AgroSciences announced that it has completed the acquisition of Coodetec’s seed business. This is the second largest acquisition by Dow AgroSciences.
At this time, Dow AgroSciences expects Coodetec’s current operational structure to be maintained. Vitor Cunha, former regional sales director for Dow AgroSciences, now oversees the operation as general manager. Ivo Carraro will remain Coodetec’s administrative director.
The company reports that this is in line with its plans to expand participation in attractive, high-value growth markets — a key component of the Dow’s strategy. The acquisition also expands the company’s corn and soybean genetics, and strengthens the company’s breeding and production capabilities in the Americas.
“With this transaction, Dow AgroSciences accelerates its entry into the soybean market in Brazil, a strategic focus of the company’s growth,” says Rolando Meninato, Dow AgroSciences vice president of the seeds business. “The objective is to increase market share in soybean seeds in the short term. Furthermore, it strengthens the company’s position in the corn market and marks the entry into wheat seeds in the country.”
The conclusion of the Coodetec acquisition also represents a significant addition to Dow AgroSciences’ soybean capabilities across the Americas, enhancing the company’s genetics portfolio, operations breeding, and ramp-up of new technologies.
