Nunhems acquires U.S. company Paragon Seed
March 7, 2008 By Fruit & Vegetable
Bayer CropScience announced
recently that its vegetable seed business, Nunhems, has acquired the
U.S. seed company Paragon Seed Inc.
Bayer CropScience announced recently that its vegetable seed business, Nunhems, has acquired the U.S. seed company Paragon Seed Inc. Based in Salinas, Calif., Paragon Seed specializes in the breeding, production and sales of lettuce varieties. With this step, Nunhems strengthens its position in the lettuce seed market in the Americas. Financial terms were not disclosed.
The acquisition offers the exchange of seed production know-how. Nunhems will continue to market the newly acquired varieties under the Paragon brand to assure continuation of the strong quality image in the market.
The acquisition of Paragon was the fourth transaction in the vegetable seed segment for Bayer in 2007. During the spring, the company acquired Unilever’s processing tomato seed business. It then acquired the assets of the Korean company, SeedEx, which specializes in hot peppers and Brassica varieties, in the summer of 2007. In October 2007, Nunhems acquired all assets relating to the asparagus breeding program from the Dutch Teboza Group.
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