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Syngenta Acquires Vegetable Seeds Maker

2:41 PM MDT | July 18, 2007 | Chemical Week Editorial Staff

Syngenta has agreed to buy Israel-based vegetable seeds producer Zeraim Gedera from private equity firm Markstone Capital Partners (Tel Aviv) for $95 million. Zeraim focuses on seeds for six high-end vegetable products for growers and consumers. They are cucumbers, melons, squash, sweet peppers, tomatoes, and watermelons. Zeraim reported sales of $33 million last year. The deal will further expand Syngenta’s vegetable seeds business in high-value markets, Syngenta...

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