Syngenta has revealed that it has moved to purchase two lettuce seed companies in the US, laying firm foundations for growth and strengthening the group's global development portfolio.
The acquisition of the two groups - Synergene Seed & Technology, Inc. and Pybas Vegetable Seed Co., Inc. - will establish a "significant position" for Syngenta in the North American lettuce market and will broaden its lettuce development portfolio in Europe and Asia, the company said.
"The acquired companies are highly complementary and combine a broad and deep range of proprietary germplasm with excellent breeding and production capabilities," said Davor Pisk, chief operating officer of Syngenta Seeds. "Syngenta's technology platform will allow us to optimize these strengths and to provide a compelling product offering to growers in North America and internationally."
Both companies will be integrated into the Syngenta Vegetables division, with no financial details of the deal disclosed.