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Slide #58. S&W Seed Company — Seed Genetics International
S&W Seed Company (NASDAQ:SANW)
Seed Genetics International
S&W Seed Company (Nasdaq: SANW) today announced that it has agreed to purchase 100% of Seed Genetics International Pty Ltd ("SGI"), subject to due diligence and other customary conditions. The combination of S&W with Adelaide, Australia-based SGI will create the world 's largest non-dormant alfalfa seed company. The transaction, which is valued at approximately $16 million, is scheduled to close in early April 2013 and is expected to be immediately accretive to S&W's earnings.
S&W Seed is an agricultural company engaged in breeding, growing, processing and selling agricultural seeds, primarily alfalfa seed. Co. also has a commercial market presence in sunflower and maintains an active stevia development program. Co.'s seed platform develops and supplies germplasm designed to produce higher yields for farmers worldwide. Co.'s portfolio of alfalfa seed products includes varieties that, depending upon the particular variety, exhibit traits that forage hay farmers required, such as high yield, root rot resistance, lodging resistance, salt tolerance, drought tolerance, leafhopper resistance and stem nematode resistance.
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Strong Buy (4.00 out of 4)
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