The Landec Corporation announced today that it has divested all assets of its branded seed businesses to become part of a Monsanto subsidiary. The businesses - Landec Ag brands, Fielders Choice Direct and Heartland Hybrids - will be American Seeds brands.
Landec Ag is also partnering with Monsanto to form a co-exclusive development and commercialization license agreement for Intellicoat products. Landec Ag, still operating as a subsidiary of Landec Corporation, will focus solely on providing Intellicoat coating technology for seeds.
Monsanto and Landec Ag will collaborate in research, development, manufacturing, and all other areas.