Monsanto Buys World’s Largest Sugarcane Breeding Firm in Brazil

CanaVialis, Brazil US-based agriculture company Monsanto has completed the purchase of Brazilian firm Aly Participações Ltda., which operates the sugarcane breeding and technology companies, CanaVialis S.A. and Alellyx S.A., both of which are based in Brazil.

Monsanto's US$ 290 million (616 million Brazilian reais) acquisition of Aly Participações Ltda. from Votorantim Novos Negócios Ltda. and its sister company, Votorantim Industrial S.A., was consummated with existing excess cash.

CanaVialis is the world's largest private sugarcane breeding company. Through its breeding activities, CanaVialis is developing and commercializing proprietary germplasm, or a plant's genetic raw material, that is anticipated to bring significant yields to sugarcane over publicly available varieties.

Alellyx is an applied genomics company that is focused on developing biotech traits primarily for sugarcane. Their location and expertise in Brazil are especially important, as Brazil is the world's largest producer of sugarcane, the largest exporter of finished sugar, and the world's second-largest producer of ethanol after the United States.

"We look forward to working with our new colleagues at CanaVialis and Alellyx to combine our areas of breeding expertise to enhance yields in sugarcane, a crop that is vital to addressing growing global food and fuel demands," said Carl Casale, executive vice president of global strategy and operations for Monsanto.

Tags:

You May Also Like

We Got a Government We Did Not Elect, Says Brazil’s Landless Movement

The following excerpt is from a recent letter written by the National Secretary of ...

Africa and Brazil Get a Step Closer

The intensification of relations between Brazil and Africa got a shot in the arm, ...

Charming Safety Shoes from Brazil

Fujiwara Equipamentos de Proteção Individual Ltda, a company from the city of Apucarana, in ...

Interest Rates Are Hurting Brazil, Says Industries Federation

The president of Brazil’s Federation of Industries of the State of São Paulo (Fiesp), ...

Brazil’s Right to Information Bill Still Very Imperfect, Says Article 19

International freedom of press organization Article 19 has published its analysis on the long-awaited ...

Brazilian troops in Haiti

Brazil & Co. Sold Their Souls to Bush in Haiti for a Few Pieces of Silver Dollar

Venezuela's President Hugo Chávez found a hero's welcome when he visited Haiti on March ...

Harlequin Enters Brazilian Book Market

Harlequin Enterprises Limited, a leading publisher of women’s fiction,  announced today that effective April ...

Brazil’s Lula Stands Up for Ministers Charged With Corruption

Brazilian President Luiz Inácio Lula da Silva defended, Thursday, August 25, the Ministers of ...

Norway Firm to Help Bridge Digital Gap in Brazil

Norway-based Nera, a global provider of wireless and satellite communications solutions, has been selected ...

In Sí£o Paulo, Brazil, Traffic Kills 4 a Day and a Robbery Happens Every 40 Seconds

Every day four people die from a traffic accident in São Paulo, South America’s ...