Agricultural technology specialists Syngenta have agreed a deal to purchase Israel-based seed supplier Zeraim Gedera.
It has been announced today that world-leading agribusiness Syngenta has agreed a US$95m deal to acquire Israeli seed company Zeraim Gedera from Israel's largest private equity firm, Markstone Capital Partners.
The deal, which will see Zeraim join S&G, Rogers and Daehnfeldt under the Syngenta umbrella, will be completed by the end of 2007, following a receipt of regulatory approvals.
Mike Mack, chief operating officer Syngenta Seeds, said: "This acquisition further expands Syngenta's position in high-value growth segments. Zeraim Gederas portfolio and its strong presence in Mediterranean markets ideally complement our vegetable seeds business."
Syngenta currently ranks third in the high value commercial seeds market, and the Zeraim acquisition will add tomatoes, sweet peppers, watermelons, melons, squash and cucumbers to their portfolio.

http://www.rttnews.com/sp/Private_Equity.asp?date=7/9/2007&item=2