Syngenta to sell US fresh produce business

Syngenta announced today that it has signed an agreement for the sale of its closed Dulcinea activities ("Dulcinea") at Pacific mesh fruit LLC ("Pacific lattice"), an international producer based in the United States and distributor of fresh produce.

Based in California, Dulcinea was formed in 2004 in partnership with Tanimura & Antle, initially as a brand mini-pasteque owner vehicle and genetics of melon of speciality directly to consumers through national food distribution chains. Syngenta took control of the company in 2005 and since then, annual sales have increased to approximately 80 million $. Under its new owner, Dulcinea will continue to develop and market its current portfolio. Syngenta and mesh of the Pacific also signed a long-term supply agreement whereby Syngenta will continue to provide sweetheart with watermelon mini and specialty seed varieties.

Syngenta Chief Operating Officer, Davor Pisk, said: "the sale will allow Syngenta to focus on bringing innovation to the growers and value chain food at the heart of our vegetables business.» Lattice of the Pacific is the best partner to provide the expertise needed to achieve a larger scale and growth in the long term of the firm of Dulcinea. »

The financial terms of the transaction were not disclosed. The transaction is expected to close by the end of 2013.

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