Syngenta to Acquire Sunfield Seeds

sunflower farmer

Syngenta said it will acquire Sunfield Seeds, a U.S. provider of sunflower seeds production and processing services.

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The Swiss agribusiness giant said the acquisition “represents an important step in the implementation of its sunflower strategy by strengthening supply chain capabilities to enable future growth.”

Sunflower is grown on 25 million hectares globally and produces high-value oil. According to Syngenta, the sunflower seeds market is currently worth around $1 billion of which more than 75% 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.”

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

(Source: Syngenta; edited by FCI Staff)

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