Groups are calling on the Department of Justice to reject the deal to protect food supply
By Sarah Lazare, staff writer for Common Dreams. Published 12-11-2015
“Just a handful of large chemical companies including Dow and DuPont already control most of the seed supply used to grow crops like corn and soybeans, as well as the herbicides that genetically engineered seeds are designed to be grown with,” said Wenonah Hauter of Food & Water Watch. (Photo: Desmanthus4food/Wikimedia/cc)
Watchdog groups are sounding the alarm after two of the oldest and largest corporations in the United States—DuPont and Dow Chemical—announced Friday plans to merge into a $130 billion giant, thereby establishing the world’s biggest seed and pesticide conglomerate.
The new behemoth, named DowDuPont, would then be split into “three independent, publicly traded companies through tax-free spin-offs,” according to a joint corporate statement marking one of the the largest deals of 2015.
These companies would focus on agriculture, material science, and “technology and innovation-driven Specialty Products company,” the statement continues. Together, they would form the second-largest chemical company world-wide. Continue reading