DLF Seeds to acquire Syngenta’s sugar beet seeds business
DLF Seeds has signed an agreement to acquire Syngenta’s global sugar beet seeds business for an undisclosed amount.
The transaction is subject to customary approval requirements and expected to close by the end of the third quarter of this year.
Syngenta global seeds and North America president Jeff Rowe said: “This agreement with DLF Seeds, a strong and expanding global player, will leverage the leading germplasm and growth potential of Syngenta’s sugar beet seeds worldwide.
“DLF Seeds has a strong record in specialised seeds and in the integration of strategic acquisitions and offers excellent prospects for the sugar beet seeds business, enabling it to build on its expertise in serving industrial sugar producers.”
Syngenta is a leading agriculture company and has presence in more than 90 countries, while DLF Seeds specialises in forage and turf seeds, as well as other crops.
Headquartered in Roskilde, Denmark, DLF Seeds focuses on science and plant breeding.
DLF Seeds CEO Truels Damsgaard said: “Sugar beet seeds is a natural extension of our seeds business and it is an interesting high-value crop. We see significant synergies within our technology and plant breeding tools benefiting both the sugar beet business and the forage and turf seed business.
“We consider the Syngenta sugar beet seeds business a good match with the strategic goals and vision for DLF Seeds.”