Article: Land O’Lakes Acquires Biotechnology Seed Company

FoodBusinessNews
Aug. 2, 2016 – by Eric Schroeder

ARDEN HILLS, MINN. — Land O’Lakes, Inc., a member-owned cooperative with operations that span the spectrum from farm production to consumer foods, has completed the acquisition of Ceres, Inc., Thousand Oaks, Calif. Ceres is an agricultural biotechnology company that develops and markets seeds and traits to produce crops for animal feed, sugar and other markets.

Land O’Lakes, through its Roman Merger Sub, Inc. subsidiary, acquired all of the outstanding capital stock of Ceres in a transaction valued at approximately $17.2 million. The deal first was announced in mid-June.

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