OTHER NEWS - Nov. 8, 1994
From Times Staff and Wire Reports
Upjohn to Sell Seed Division: The Kalamazoo, Mich.-based prescription drug manufacturer said it will sell its vegetable seed division to Empresas La Moderna, a leading Mexican cigarette producer, for about $300 million. Upjohn’s Asgrow Seed Co. is one of the world’s top five seed companies, with sales of about $270 million last year. It develops and markets more than 1,000 varieties of vegetable seed. The sale includes all of Asgrow’s worldwide operations, including research, production and offices in North America, Europe and the Pacific region.
