Nuseed Acquires Atlantica Sementes

Nufarm’s wholly owned Nuseed subsidiary, Nuseed do Brasil S.A., has acquired 51% of the equity in Atlantica Sementes Ltda., a Brazilian business specialising in sorghum and sunflower seeds.

The acquisition provides an important base in the growing Brazilian market and is a further step in the expansion of Nuseed’s global platform.

Atlantica has administration, sales, marketing, production and testing capabilities in Brazil and a strong branded market presence. Atlantica employs 45 people with offices in Curitiba and Rio Verde. Current annual sales are approximately R$25 million Brazilian reals (approx. AU$11.5m).

The majority stake in Atlantica – to be purchased at a cost of R$25 million – will allow Nuseed to supply a number of existing hybrids through the Atlantica distribution network and will leverage other development programs in Australia, Argentina and the USA.

Atlantica will have access to several new high value categories in the Nuseed pipeline including high sugar forage sorghum, which can be utilised by sugar cane ethanol plants seeking to improve year round feed-stock efficiency; and high oleic sunflowers, which produce a highly functional low saturated fat sought by food manufacturers and restaurant chains.

Nuseed is a global seed and traits company focused on the advancement of sorghum, sunflower and canola. Nuseed has grown by investing in seed companies with high quality germplasm, strong product development capabilities, experienced management and excellent market positions.

Nuseed has approximately 250 people focused in plant breeding, seed production, and marketing, serving customers in more than 30 countries. Nuseed is a wholly owned subsidiary of Nufarm Limited, a global crop protection and seeds company.