JOEL GOLDSMITH on Selling to Syngenta

摘要

On October 20, PR Newswire published a press release announcing that Syngenta, based in Basel, Switzerland, had signed an agreement to purchase Goldsmith Seeds of Gilroy, California. The deal is worth 74 million dollar. Goldsmith had sales of 50 million dollar for the 2007/2008 season, making the purchase seem like a bargain. This is Syngenta's second such acquisition; in July 2007 they bought German breeding company Fischer for approximately 67 million dollar, integrating their vegetative genetics into Syngenta's line. Goldsmith brings a vast portfolio of class-leading seed genetics, including Accent impatiens and Penny viola.