HispanicBusiness

Monsanto Co. announced Tuesday that is has acquired Israel-based plant bio-engineering company, Rosetta Green.

Rosetta Green develops improved plant traits using RNA technology, specializing in the identification of genes that drive key processes in major crops including corn, soybeans and cotton.

The company is based in Rehovot, Israel, at the center of one of the country's major science clusters. The company's operations will remain there, and all employees have accepted jobs with Monsanto.

"All of us at Rosetta Green are excited to being our work with Monsanto," said Limor Zur-Stoller, Rosetta Green's chief financial officer, in a statement. "Israel continues to emerge as a leader in cutting-edge technologies, and this is a great vote of confidence in our research work and scientists."