“We are very excited about joining Syngenta,” says Joel Goldsmith, president of Goldsmith Seeds Inc. “The agreement will secure a robust future for Goldsmith products and employees as well as growth opportunities in a changing, consolidating environment.”
Goldsmith Seeds has been headquartered in Gilroy, California, since its inception in 1962. The business is owned and operated by the Goldsmith family, and has some 1,500 employees. The company has breeding and production facilities in Gilroy, as well as production facilities in Guatemala. Reported sales in 2007/2008 were $50 million.
The transaction is expected to close in the fourth quarter of 2008, pending regulatory approvals.
Syngenta Flowers is a worldwide leader in the potted and bedding plant industry with a large proprietary portfolio. Operating on a global basis, it breeds and markets high-quality flower seeds, young plants and cuttings for the ornamental industry. In 2007, it reported flowers sales of $272 million.
Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection, and ranks third in the high-value commercial seeds market. Sales in 2007 were approximately $9.2 billion. The company employs over 21,000 people in more than 90 countries.
(All images courtesy of Syngenta)