Monsanto Acquires Plant Trait Developer Rosetta Green
Rosetta Green Technology Complements Monsanto's Research Platforms
ST. LOUIS, March 5, 2013
ST. LOUIS, March 5, 2013 /PRNewswire/ --Monsanto Company today announced it
has completed the purchase of substantially all of the assets, and assumption
of certain liabilities, of Rosetta Green Ltd.
Rosetta Green develops improved plant traits for agriculture using RNA
technology. Rosetta Green experts specialize in the identification and use of
unique genes to guide key processes in major crops including corn, soybeans
and cotton. The company was formed in 2010 and is based in Rehovot, Israel, at
the heart of one of Israel's major science centers. The company's Israel
operations will remain intact and all Rosetta Green employees have accepted
roles with Monsanto.
"We're pleased to welcome the Rosetta Green team and look forward to working
together on possible new applications of this exciting technology, which
complements our existing research platforms," said Steve Padgette, Ph.D.,
Monsanto R&D investment lead.
"All of us at Rosetta Green are excited to begin our work with Monsanto," said
Limor Zur-Stoller, Rosetta Green's Chief Financial Officer. "Israel continues
to emerge as a leader in cutting-edge technologies, and this is a great vote
of confidence in our research work and scientists."
Following the receipt of required approvals from Israel regulators and the
satisfaction of other customary closing conditions, the transaction closed.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions
and agricultural products that improve farm productivity and food quality.
Monsanto remains focused on enabling both small-holder and large-scale farmers
to produce more from their land while conserving more of our world's natural
resources such as water and energy. To learn more about our business and our
commitments, please visit: www.monsanto.com. Follow our business on Twitter^®
at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at
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Contact Monsanto: Kelli Powers (314-694-4003)
SOURCE Monsanto Company
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