Syngenta Buys Two Lettuce Seed Companies
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Syngenta has acquired two U.S.-based lettuce seed companies: Synergene Seed & Technology Inc. and Pybas Vegetable Seed Co. Inc. The acquisitions will establish a significant position for Syngenta in the North American lettuce market and will broaden its lettuce development portfolio in Europe and Asia, according to the company.
Synergene Seed & Technology Inc. is a lettuce seed company based in Salinas, Calif., with a diverse and proprietary lettuce gene pool. Pybas Vegetable Seed Co. Inc., based in Santa Maria, Calif., is well-known for its quality seed production and processing as well as its germplasm. Both companies will be integrated into the Syngenta Vegetables business.
The lettuce seed market is valued at around $160 million globally. No financial details of the transaction were disclosed.
Synergene Seed & Technology Inc. is a lettuce seed company based in Salinas, Calif., with a diverse and proprietary lettuce gene pool. Pybas Vegetable Seed Co. Inc., based in Santa Maria, Calif., is well-known for its quality seed production and processing as well as its germplasm. Both companies will be integrated into the Syngenta Vegetables business.
The lettuce seed market is valued at around $160 million globally. No financial details of the transaction were disclosed.