Syngenta Buys Argentine Seeds Company
November 14, 2008| |
Syngenta announced that it has entered into an agreement to acquire SPS Argentina SA, a company that specializes in the development, production and marketing of soybean, corn and sunflower. The acquisition is expected to expand Syngenta’s customer base in Argentina, the world’s third largest soybean producer with 21% of global soybean production. Forty-eight million tons of soybeans were harvested last year in the country, mostly for export to Asia and Europe.
SPS is one of Argentina’s largest seed companies. It was established in 1972 and is based in Buenos Aires Province, where it also runs an advanced research program. Financial details of the agreement have not been disclosed.
View the press release at http://www.syngenta.com/en/media/mediareleases/en_081110.html
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