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Nufarm acquires majority stake in Brazilian seeds firm

12:03 AM MST | February 4, 2013 | Deepti Ramesh

Agrochemical firm Nufarm (Melbourne) says that its wholly owned seed and traits subsidiary Nuseed has acquired a 51% stake in Atlantica Sementes (Curitiba, Brazil), a business specializing in sorghum and sunflower seeds, for 25 million reais ($12.6 million). Atlantica has administration, sales, marketing, production, and testing capabilities in Brazil and a strong branded market presence, Nufarm says. Atlantica employs 45 people with offices in Curitiba and Rio Verde; the company has annual sales of about R$25 million. The acquisition provides an important base...

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