May. 20, 2010
Nufarm Limited announced that it has acquired the oilseed and
confection sunflower interests of California based Flower Genetics LLC.
Flower Genetics is involved in the breeding, production and marketing of
elite sunflower hybrids.
The acquisition, by Nuseed Americas Inc - a wholly owned subsidiary of Nufarm
Limited - was completed last week. Terms of the transaction were not
disclosed.
Nufarms General Manager of Seeds, Brent Zacharias, said the acquisition will
broaden Nufarms sunflower seed development pipeline and improve the speed
and efficiency of breeding, testing and production of sunflower seeds in
Nufarms US, Argentina and Australian locations.
"The addition of the Flower Genetics interests immediately places Nufarm into
a leading global position in the rapidly growing confection segment of the
sunflower seed market.
"Flower Genetics is the proprietary owner and developer of the top selling
confection hybrids to China, the worlds largest and fastest growing
confection sunflower hybrid seed market."
Mr Zacharias said that the assets of Flower Genetics will complement the
recently acquired Druetto Seeds operations in Argentina and will provide a
strategically important Northern Hemisphere location to facilitate
multi-generation breeding.
Nufarms seed interests are focused in the canola, sorghum and sunflower seed
markets and provide an important growth platform and link to the high value
seed treatment segment of the crop protection market.
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