Acquisition in the seed market

The Swiss seed group Syngenta is acquiring the US flower seed company Goldsmith Seeds. The purchase price amounts to US $ 74 mio (€ 50 mio) net without the assumption of any liabilities. The transaction, which is expected to be finalised by year’s end, is subject to approval by the relevant authorities. The Goldsmith brand name is to continue to exist under the umbrella brand Syngenta Flowers. With a workforce of approximately 1 500, Goldsmith achieved a turnover valued at around US $ 50 mio (€ 34 mio) in the 2007/2008 financial year.