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CORTEVA AGRISCIENCE MARKS ONE-YEAR ANNIVERSARY OF SYMBORG AND STOLLER ACQUISITIONS
Mar. 18, 2024
Source: Corteva Agriscience news release
INDIANAPOLIS, - Marking the one-year anniversary of successfully acquiring the biological companies Stoller and Symborg, Corteva Agriscience is proud to introduce Corteva Biologicals, a proven portfolio of solutions to help farmers navigate ever-changing market conditions and growing challenges.
Corteva first collaborated with Symborg to scale up and bring farmers Utrisha N and BlueN nutrient efficiency optimizers under a distribution agreement between the two companies. Symborg possesses a diversified portfolio, emerging biocontrol pipeline, and skilled employees with robust technical knowledge and demand generation expertise. With subsidiaries in Brazil, Chile, China, France, Mexico, Peru, Spain, Turkey, and the United States, Symborg reaches more than 50 countries with its innovative biological solutions. Stoller brings a strong track record of success with more than 50 years of experience in more than 60 countries. The company's strong technical expertise and exceptional commercial model built on sharing knowledge have earned it a trusted reputation throughout the Biologicals industry.
The biologicals market is expected to be the fastest-growing crop protection segment in the industry, representing 25% of the overall market by 2035.
The acquisitions of Symborg and Stoller were announced in the second half of 2022. The acquisitions, which will be accretive to EBITDA in 2023, reinforce Corteva's commitment to providing farmers with environmentally friendly, sustainable tools that complement evolving farming practices with proven effectiveness.
About Corteva
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.
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