Advanta Acquires Crosbyton Seeds
5 February 2010 HEREFORD, TX – Advanta US Inc., a subsidiary of Hyderabad-based Advanta India, Ltd., has acquired 100% of the assets and business of Crosbyton Seed Co. (CSC) in Crosbyton, Texas, US, Advanta reports in a press release. CSC is a leading breeder, producer and conditioner of hybrid sorghum planting seed products, including grain sorghum, forage sorghum, millet and sunflower.
The CSC acquisition makes the second investment in US sorghum seed by Advanta, following the 2008 acquisition of the business of Garrison & Townsend Seed Company (GT) of Hereford, Texas.
In the release, Advanta CEO Ram Kaundinya says, “Crosbyton Seed Company has an exceptionally strong grain sorghum business and their customer relationships are first class. The new combination of Crosbyton, GT, our international sorghum seed businesses, and a number of important technology alliances creates a global platform that clearly establishes Advanta as a worldwide leader in the research, production and sales of sorghum.”
Details of the acquisition were not disclosed.
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