Land O’Lakes, Inc., has entered into an agreement to buy the assets of ABI Alfalfa, Inc. The sale is expected to close Aug. 1.
ABI is a well-known alfalfa breeding, seed production and marketing company that sells seed under the America’s Alfalfa brand. Its al-falfa business will be operated by Forage Genetics, Inc., a Land O’Lakes subsidiary.
“ABI Alfalfa is one of the oldest and most successful alfalfa breeding programs in the world,” said Mark McCaslin, president of Forage Genetics. “America’s Alfalfa is one of the most widely respected al-falfa brands in the industry. We are excited about the potential syn-ergies between ABI alfalfa and our existing business.”