DLF Seeds takes over Syngenta business

Syngenta sells its sugar beet seed business to DLF Seeds. Both parties signed an agreement on Thursday 8 June. The acquisition should be finalized in the third quarter of 2017.

DLF Seeds is a seed company that mainly deals with forage and peat seed, but other crops are also covered. Syngenta, on the other hand, is largely concerned with improving global food security.

'It can now grow further'
Jeff Rowe, president of Global Seeds at Syngenta, said: “DLF Seeds has a strong track record in specialty seeds and in integrating strategic acquisitions. So this offers excellent prospects for our sugar beet seed business. As a result, this division can now continue to grow in serving industrial sugar producers.'

'Expansion of the seed activities'
Truels Damsgaard, CEO of DLF Seeds, also sees it as a good acquisition: 'Sugar beet business is a natural extension of our seed activities and is a high-quality crop. This acquisition fits in well with DLF Seeds' strategic objectives and vision.'

Kimberly Baker

Kimberly Bakker is an all-round editor at Boerenbusiness. She also has an eye for the social media channels of Boerenbusiness.

k.baker @boerenbusiness. Nl

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