Monsanto continues to grow its seed business. This time with De Ruiter Seeds.

Monsanto Company announced today that it has completed its proposed acquisition of De Ruiter Seeds Group B.V., a Dutch-holding company that owns and operates De Ruiter Seeds, for EUR546 million in cash, or approximately $850 million at current exchange rates, less net debt.

Monsanto will start to transition the De Ruiter Seeds business into its vegetable seeds division alongside its other business units, Seminis and the International Seed Group, Inc. (ISG). Monsanto’s vegetable seed business will serve its customers through three dedicated platforms: protected-culture, open field and regional vegetable seed businesses. The De Ruiter Seeds business will serve the protected-culture vegetable seed market, Seminis will serve the open-field vegetable seed market, and ISG will serve customers of regional seed businesses. Until the transition is complete, business units will continue to conduct business as usual.