Biotech giant Monsanto yesterday announced it had bought Limagrain Canada Seeds Inc., a canola seed research, production and marketing company based in Saskatchewan, for an undisclosed sum. Monsanto Canada purchased a 100% equity stake in Limagrain, which has 42 employees, to boost its canola seed portfolio. As a spokesperson for Winnipeg-based Monsanto Canada said: “This gives us a canola seed asset that includes canola germplasm and licence agreements, a breeding program and any current and future varieties.”
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Limagrain will be renamed Monsanto Canada Seeds and is seen as a key addition to the larger company’s ongoing biotechnology research, commented the National Post. Company officials confirmed that the new subsidiary would focus on the research, production and marketing of “elite corn and soybean seeds under the Pride brand.”
