Australian Business News | Australian Agriculture News | Mergers Acquisition News From Australia

Nufarm acquires HSR Seeds’ sorghum assets in Australia

9:29 AM, 9th July 2013
Mergers and Acquisition News From Agricultural Industries

VICTORIA, AUSTRALIA: Nuseed, a wholly owned subsidiary of Nufarm Limited, has acquired the HSR Seeds’ sorghum assets in Australia. The agreement includes all HSR’s commercial grain and forage sorghum hybrids, research breeding programme and germplasm pipeline. The breeding programme will be based in Queensland, Australia.

The acquisition expands Nuseed’s regional grain sorghum research and development and market presence. Financial details of the transaction were not disclosed.

“Incorporating these assets into our global breeding programme will add to the pipeline of hybrid grain sorghum products available to the Australian market in the next few years. This will include some of our key global products, like Wholis food-grade sorghum, which will be bred for adaptation to local conditions,” said Travis Rankin, Australian General Manager, Nufarm.

“The newly acquired HSR sorghum hybrids have an established competitive performance history, with excellent agronomic traits suitable for targeted sorghum growing regions across Australia. With the Australian grain sorghum season due to commence soon, preparation is under way to make sure the existing commercial hybrids are available to distributors and farmers. We are working closely with all parties to ensure appropriate stewardship for the transition of these products to Nuseed,” added Rankin.

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