Syngenta to acquire part of Lantmännen's businesses

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Syngenta announced an agreement to acquire the German and Polish winter wheat and winter oilseed rape (WOSR) breeding and business operations of Lantmännen, the Swedish food, energy and agriculture group.

Syngenta will gain access to high-quality germplasm, a seeds pipeline and commercial varieties which complement the company’s portfolio in two of Europe’s most important crops. Lantmännen employees in Germany and Poland will also join Syngenta.

The deal will support the continued development of hybrid cereals to growers worldwide. In WOSR, Syngenta will strengthen its breeding program, enabling the development of highly competitive hybrids with yield stability and winter hardiness as well as broader disease resistance.

As part of the transaction, Syngenta and Lantmännen will also enter into an R&D collaboration in wheat, and Lantmännen will distribute Syngenta cereals and WOSR seeds in Sweden.

Syngenta Chief Operating Officer, John Atkin, said: “This acquisition reinforces our position in the important cereals and WOSR markets of Germany and Poland, and immediately enables us to market Lantmännen seed for these crops in both countries. We will also incorporate their high-quality genetics into our international breeding programs to develop seeds that offer significant productivity benefits to growers.”

Lantmännen Head of the Agriculture Sector, Johan Andersson, said: “Through this deal Lantmännen will get the opportunity to commercialize Syngenta cereals and oilseed rape seeds in our home market. We will continue the breeding activities in Sweden and Holland in winter and spring wheat, spring barley, oats, triticale, spring oilseed rape, forage crops, willow and potatoes. Lantmännen will also continue to market seeds of these crops in Sweden as well as the international markets.”

Financial details were not disclosed. The transaction is subject to approval by the German competition authority and is expected to close in July 2014.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Grain Storage Systems

Behlen Grain Storage Systems offers large capacity bins with diameters from 16’ to 157’ and capacities exceeding 1,500,000 bushels. All ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form