Basel, Switzerland and Bursa, Turkey
April 2, 2013
• Complements Syngenta cucumber, tomato and pepper breeding programs
• Provides native trait capabilities for improved disease resistance and yield
• Targets fast growing markets of Turkey, Middle East and CIS
Syngenta and MayAgro Seed today announced an agreement regarding the sale to Syngenta of MayAgro’s greenhouse vegetable breeding programs covering cucumber, pepper, and tomato.
Under the terms of the agreement Syngenta will acquire MayAgro’s breeding programs including all native traits developed to improve virus and disease resistance as well as yield under cold conditions.
Yusuf Yormazoglu, Vice President at MayAgro Seed said, “This sale is a result of our announcement in May 2012 when we decided to focus more of our future R&D investments on crops like sunflower, cotton, and maize. We are very proud to have validated our breeding and development efforts in vegetables with this sale to Syngenta. We look forward to seeing Syngenta realize the full potential of these programs in the future.”
Alexander Tokarz, Head of Vegetables at Syngenta said, “This acquisition will allow us to accelerate growth in strategic high margin vegetable segments. The programs are targeting the fast developing markets of Turkey, the Middle East and CIS and will broaden our pipeline of new varieties with further benefits for growers”.
Terms of the sale were not disclosed.
MayAgro Seed Corporation, headquartered in Bursa, breeds, produces, markets and sells a wide range of almost 20 species of agronomic and vegetable crops including sunflowers, cotton, maize, peas, beans, and more under the MAY seed brand name. Established in 1978, MayAgro has been a leader in the evolution of the Turkish seed industry to a privatized sector and today is one of the largest and most successful privately held seed businesses in Turkey.
Syngenta is one of the world’s leading companies with more than 27,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life.
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