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Pioneer says it will acquire 3 seed firms

Pioneer Hi-Bred said Wednesday that it has agreements to buy NuTech Seed of Ames and two other seed companies, AgVenture of Kentland, Ind., and Hoegemeyer Hybrids of Hooper, Neb.

Terms were not disclosed for the purchases, which are expected to close later this year.

The three companies have been part of Pioneer’s Proaccess marketing system since Proaccess was organized in 2008. Proaccess continues to include five other seed companies in Indiana, Illinois, Pennsylvania, Ohio and Louisiana.

[Des Moines Register]