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Slide #79. S&W Seed Company — Imperial Valley Seeds, Inc.
S&W Seed Company (NASDAQ:SANW)
Imperial Valley Seeds, Inc.
S&W Seed Company announced that it has acquired Imperial Valley Seeds, Inc., a marketer of non-dormant alfalfa seed varieties to international markets, principally the Middle East, North Africa and Latin America. The purchase price was approximately $6 million, consisting of $3 million in cash, a $500,000 five-year note and 400,000 shares of S&W common stock.
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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