Monsanto Company (NYSE: MON) announced today that it has completed the sale of Monsanto Enviro-Chem Systems Inc. to a new company formed by the Enviro-Chem management team and an outside investor. The new company will do business as MECS, Inc. Terms of the sale were not released. Monsanto announced in April that it had entered into a letter of intent to sell the business to the management group. The company has been reporting results for the Enviro-Chem business as discontinued operations since the second-quarter period, which ended Feb. 28, 2005.
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.
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