Monsanto acquires firm to extend into wheat

NEW YORK (AFP) – Monsanto, the agricultural giant known for developing biotech corn, said Tuesday it acquired WestBred, LLC, a company that specializes in genetic material for wheat.

“The investment will bolster the future growth of Monsanto’s seeds and traits platform and allow farmers to benefit from the company’s experience in drought-, disease- and pest-tolerance innovations,” Monsanto said in a statement announcing the 45-million-dollar deal.

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