RAGT has announced that it has reached an agreement to acquire the malting barley seeds business from Syngenta – subject to customary approval requirements.
The deal is expected to close by the end of the year and includes Syngenta’s Market Stainton site, where the company has bred its malting varieties.
Around 10 employees will also transfer to RAGT along with specific IPs, registrations and related intangible assets.
Damien Robert, managing director of RAGT Semences, commented: “This strategic addition to our existing malting barley portfolio is an important milestone in advancing our growth strategy, under the RAGT 2030 vision driven by the RAGT Group’s Executive Board.
“This acquisition strengthens our position in key European markets and builds on the strong foundations established by Syngenta. We see clear synergies within our existing portfolio and significant potential to accelerate technologies that will benefit growers across Europe”.
Robert Hiles, Seeds Field Crops marketing & portfolio management head at Syngenta Europe added: “This agreement with RAGT, a global strategic player in agriculture, will leverage the leading germplasm and growth potential of Syngenta’s malting barley business.
“RAGT has a strong record in the integration of strategic acquisitions and offers excellent prospects for the malting barley seeds business, enabling it to build on its expertise in serving European growers and the malting barley supply chain. We are confident in a smooth handover for our teams and in a continued high level of service and value for growers and the malting barley supply chain.”