Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 5:08 PM
| This Slide: #47 of 100 |
Slide #47. S&W Seed Company — Pasture Genetics Pty Ltd.
Acquirer:
S&W Seed Company (NASDAQ:SANW)
Acquiree:
Pasture Genetics Pty Ltd.
Details:
S&W Seed Company (Nasdaq: SANW) today announced that it has entered into a definitive agreement to acquire Pasture Genetics Pty Ltd., the third largest pasture seed company in Australia. The acquisition will expand and diversify S&W's product offerings in Australia and follows S&W's other recent initiatives in the country to become one of the leading suppliers of elite seed genetics to Australian farmers. Pasture Genetics' seed product portfolio includes alfalfa, medic, clovers, vetch, forage cereals, as well as pasture and other grasses. Its proprietary Goldstrike seed coating technology, which can address rhizobia inoculation and extend shelf life, is believed to be a key market advantage for the company.
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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Avg. Broker Rec.
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