This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Syngenta To Acquire Sunfield Seeds

BASEL, Switzerland, Nov. 20, 2012 /PRNewswire/ -- Syngenta announced today that it will acquire Sunfield Seeds, a US-based provider of sunflower seeds production and processing services to more than 30 countries. The acquisition represents an important step in the implementation of Syngenta's sunflower strategy by strengthening supply chain capabilities to enable future growth.

Sunflower produces high value oil that is low in saturated fats. They are grown on around 25 million hectares globally. The sunflower seeds market is currently valued at around $1 billion of which more than 75 per cent comes from emerging markets, where the transition towards high-value hybrid sunflower seed continues.

Davor Pisk, Chief Operating Officer, said: "Sunfield is already one of our strategic suppliers and we are pleased that its people and operations will now become part of Syngenta. Sunfield's grower network in the key Sacramento Valley region as well as its modern processing facilities and experienced management team will complement our product range and global market strength. Above all, the acquisition will enhance our ability to meet growing demand for our high quality sunflower seeds."

The transaction is expected to close by the end of 2012. Financial details were not disclosed.

Syngenta is one of the world's leading companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to www.syngenta.com.

Cautionary Statement Regarding Forward-Looking Statements

This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions.Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements.We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties.Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.

Syngenta International AG

Media OfficeCH-4002 Basel SwitzerlandTel: +41 61 323 2323Fax: +41 61 323 2424

www.syngenta.com

Media contacts:

Paul Barrett Switzerland +41 61 323 2323

Paul Minehart USA + 1 202 737 8913

Analyst/Investor contacts:

Jennifer Gough Switzerland +41 61 323 5059 USA +1 202 737 6521

Lars Oestergaard Switzerland +41 61 323 6793 USA +1 202 737 6520

SOURCE Syngenta

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs