Mendel Biotechnology, Inc. announced the acquisition of the entire Miscanthus breeding program from Tinplant Biotechnik und Pflanzenvermehrung GmbH, a German breeding and plant science company in march 2007. Miscanthus is one of the leading candidates for dedicated energy crops for production of biofuels such as ethanol from lignocellulosic plant material. This acquisition positions Mendel to be the leading developer of Miscanthus varieties for the cellulosic ethanol industry worldwide.
The detailed terms of the acquisition were not made available. However, the transaction includes a 5-year collaboration between Mendel and Tinplant for ongoing breeding work, and establishes Tinplant as a sales agent for Mendel's Miscanthus varieties.
The detailed terms of the acquisition were not made available. However, the transaction includes a 5-year collaboration between Mendel and Tinplant for ongoing breeding work, and establishes Tinplant as a sales agent for Mendel's Miscanthus varieties.
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