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Syngenta acquires Zeraim Gedera Ltd.


Syngenta Syngenta AG is a large global agribusiness which markets seeds and crop protection products (pesticides). Syngenta is involved in biotechnology and genomic research. The company is a leader in crop protection, and ranks third in total sales in the commercial agricultural seeds  acquires Zeraim The introduction to this article provides insufficient context for those unfamiliar with the subject matter.
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 Gedera Ltd., an Israeli vegetable seeds company focusing on high-value crops, including tomato, pepper and melon melon, fruit of Cucumis melo, a plant of the family Curcurbitaceae (gourd family) native to Asia and now cultivated extensively in warm regions. There are many varieties, differing in taste, color, and skin texture—e.g. .

Syngenta will buy all outstanding shares in the company from Markstone Capital Partners, an Israeli private equity group, for $95 million, subject to closing adjustments. Sales in 2006 were $33 million.
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Title Annotation:MARKETING NEWS
Publication:Agri Marketing
Date:Sep 1, 2007
Words:50
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