Syngenta to acquire Emergent Genetics Vegetable A/S in Denmark

Emergent Genetics Vegetable A/S announced today an agreement for acquisition by Syngenta.  EGV is currently owned by International Seed Holdings L.P. The Company is a well-known Vegetable seed company specialized in breeding and marketing of selected vegetable crops.
 
EGV focuses primarily on spinach, cucumber, cabbage, cauliflower and herbs. It markets its products under three well-known historical brands �Daehnfeldt�, �Ohlsens Enke� and �Hurst� in Europe, North America and also in Africa, India and China.
 
Sam Dryden, board member of International Seed Holdings and EGV commented: �We are pleased to have found in Syngenta a global company with strong roots in seeds and strength in genomics that can build on the long vegetable seeds history of Daehnfeldt. Our products complement Syngenta�s focus on quality and nutrition and we are convinced that this acquisition will be to the benefit of both organizations.
 
Flemming Holst Pedersen, Managing Director of Emergent Genetics Vegetable A/S, added �This is a great opportunity for EGV. We are proud to become part of the Syngenta group and I am sure the two companies will supplement each other very well.�
 
The transaction is expected to close after receiving customary regulatory approvals.
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 2005 were approximately $8.1 billion.  Syngenta employs more than 19,000 people in over 90 countries.
ISH is a holding company created in 1997 by its owners, HM Capital of Dallas, Texas, and Emergent Genetics, LLC of Boulder, Colorado, for strategic investments in the seed industry.