Biotech Updates

Syngenta Acquires Hybrid Flower Seed Company

October 24, 2008

Syngenta announced that it has signed an agreement to acquire the U.S. hybrid flower seed producer Goldsmith Inc. for US $74 million. Goldsmith breeds, produces and sells a broad range of pot and bedding products, including major crops such as cyclamen, impatiens and petunia. Syngenta said that it will maintain the Goldsmith brand in the market under the Syngenta Flowers umbrella. Goldsmith is headquartered in Gilroy, California and has facilities there and in Guatemala. The company employs some 1500 workers.

The press release is available at http://www.syngenta.com/en/media/mediareleases/en_081021.html