IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Seeds and traits

Syngenta Buys Argentine Seeds Firm

11:44 AM MST | November 18, 2008 | Chemical Week Editorial Staff

Syngenta says it has agreed to acquire SPS Argentina (Buenos Aires), a corn, soybean, and sunflower seed company. Terms were not disclosed. “This investment expands our customer base in Argentina and accelerates the introduction of our proprietary genetically modified traits in soybean and corn,” says Davor Pisk, COO of Syngenta Seeds. SPS has annual sales of about $15 million. The deal is subject to approval by antitrust authorities in...

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