BUENOS AIRES & SAO PAULO & CHICAGO--(BUSINESS WIRE)--Nidera Seeds, together with Chromatin Inc., a US based company focused on sorghum seeds, announced today Chromatin’s purchase of Nidera Seeds’ global sorghum portfolio. The sale includes Nidera’s sorghum assets, including its commercial sorghum products, research and development pipeline, associated intellectual property, inventory, and numerous market authorizations.
The decision made by Nidera Seeds to sell its sorghum global program is part of the company’s strategy of focusing its resources on its main crops, including corn, sunflower, soybeans and wheat.
“The products we acquired are well-adapted to the high-value South American sorghum market,” said Charles Miller, Chromatin’s Vice President of Business Development and International Sales. “This portfolio will accelerate the growth of Chromatin’s Latin American business, bringing access to key customers and products.”
Chromatin’s investment in sorghum is supporting the company’s growth in several global markets, including Southern Latin America, where it recently appointed Gabriel Fodere as its Commercial Director. “This acquisition provides us with several highly competitive products registered in Argentina, Brazil, Paraguay, Uruguay and Bolivia,” said Fodere. “Our operating and sales teams will ensure a seamless transition as we continue to make these products available to loyal customers.”
Sorghum is undergoing increasing global demand, particularly in food and beverage, livestock feed, and sustainable fuel markets. The crop’s broad geographic range, rapid growth and adaptation to drought have made it an increasingly important contributor to global agriculture, particularly on marginal land with limited water resources.
“Chromatin is a rapidly growing leader in sorghum innovation,” said Daphne Preuss, Chromatin’s CEO. “The Nidera portfolio provides important genetic diversity and key traits that will impact our product offerings worldwide.”
About Chromatin Inc.
Chromatin Inc. is 100 percent committed to sorghum - a crop that can be grown on 80 percent of the world’s arable land. Chromatin develops and sells hybrid sorghum planting seed to growers and producers around the world who are attracted to sorghum’s rapid maturation, tolerance to heat, cold and drought and high yields.
Chromatin is headquartered in Chicago and exports hybrid sorghum seed from production plants in Texas, Australia, South America and Africa to over 40 countries around the world. For additional information, please visit www.chromatininc.com.
About Nidera Seeds
With an extensive proprietary, branded germplasm base in corn, sunflower, soybeans and wheat, Nidera Seeds is a member of COFCO International and a leading seeds company. Nidera Seeds’ activities are and concentrated in South America and Europe.
Integrating core capabilities in R&D, Supply Chain and Commercial, Nidera Seeds is entirely dedicated to provide great genetics to the fields of our customers.