Regina, Saskatchewan
June 28, 2006
FarmPure Seeds announced today an agreement to purchase SW
Seed Canada Ltd. a wholly owned subsidiary of
Svalöf Weibull AB, Sweden.
The transfer of ownership will take place September 1st, 2006.
Trenton Baisley, CEO of FarmPure
said, “This is a great add to FarmPure Seeds, our pedigreed seed
marketing channel. It provides further diversification of our
seed portfolio adding assets that will provide us with greater
operational flexibility to better serve our breeding partners
from around the world and our retail partners in Canada and
internationally. We are very pleased to have concluded this
acquisition and will immediately begin to provide a smooth
transition.”
The acquisition will give FarmPure
Seeds full control and operating interests in a world class
grass seed cleaning and processing plant in Nipawin,
Saskatchewan, a canola cleaning and treating facility in
Laurier, Manitoba, and a retail operation in Brandon, Manitoba.
Canola, grass, and legume varieties acquired from SW Seed Canada
will add breadth and depth to FarmPure Seeds current portfolio.
FarmPure is committed to a
vibrant and healthy world representing the best in seed from
fifteen of the world’s finest breeding institutions from seven
countries to create wholesome and energizing consumer ready
products. Linked to and owned by a ‘select group of farmers with
extraordinary skills’, FarmPure specializes in capturing the
best nature has to offer. Our core product is pedigreed seed
however our business is knowledge based value creation.
Based in Regina, Saskatchewan,
FarmPure is a family of companies that includes FarmPure
Beverages, FarmPure Financial, FarmPure Foods, FarmPure Global,
and FarmPure Seeds who have global interests and are active
across five continents. FarmPure is open to partnerships or
joint ventures that would create innovative agricultural value
chain relationships. |