Syngenta plans acquiring wheat winter oilseed rape business

Syngenta to acquire wheat and winter oilseed rape business of Lantmannen

11:23 AM, 16th June 2014
Syngenta plans acquiring wheat and winter oilseed rape business

BASEL, SWITZERLAND: 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 programme, 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 R&D collaboration in wheat, and Lantmännen will distribute Syngenta cereals and WOSR seeds in Sweden.

“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 programme to develop seeds that offer significant productivity benefits to growers,” said John Atkin, Chief Operating Officer, Syngenta.


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