Syngenta to divest its Flowers business into a Joint Venture with Dümmen Orange

• Dümmen Orange and Syngenta Flowers to combine global horticultural businesses
• Ambition to create a leading global player
• All Dümmen Orange and Syngenta Flowers employees and assets will transfer to new entity

BASEL, Switzerland--(BUSINESS WIRE)--Syngenta Group announced today the signing of an agreement to divest its Flowers business into a strategic joint venture with Dümmen Orange, bringing together two global players in ornamental breeding and propagation. This partnership represents an important step forward for both organizations as they work together to better serve growers around the world. Both boards of directors have formally approved the deal, and completion of closing is subject to any necessary regulatory approvals. Syngenta Group will maintain a significant economic interest in the joint venture.

“We’re proud of the 120-year legacy of our Syngenta Flowers business, and this joint venture allows us to continue honoring that legacy of innovation and passion that our colleagues built over the years,” said Matthew Johnston, Global Head of Syngenta’s Vegetable Seeds and Flowers business. “This decision also aligns with Syngenta’s commitment to focus future investments in core crops and markets where we have the biggest growth opportunities.”

The new company will combine deep industry and operational experience with a strong entrepreneurial mindset. Dümmen Orange and Syngenta plan to unite their strengths to build a more resilient and competitive enterprise. The joint venture will bring together both companies’ complementary portfolios, combining Dümmen Orange’s expertise in cut flowers and Syngenta’s leadership in seed varieties, along with annual, perennial and potted plant portfolios that both companies have built over decades. Advanced R&D capabilities, optimized production processes, and expanded commercial networks will be integrated to improve efficiency and better serve customer needs.

Rabobank acted as exclusive financial advisor to Syngenta and UBS acted as exclusive financial advisor to Dümmen Orange and its shareholders.

The combined entity, which will be named at a later date, aims to advance the ornamental horticulture industry, delivering sustainable value to employees, customers, shareholders, and other stakeholders.

About Syngenta Group

Syngenta Group is one of the world’s biggest agricultural innovation companies, employing over 50,000 people in more than 90 countries. Syngenta Group is focused on developing technologies and farming practices that empower farmers, so they can make the transformation required to feed the world’s population while preserving our planet. Syngenta Group’s bold scientific discoveries deliver better benefits for farmers and society on a bigger scale than ever before. Guided by its Sustainability Goal, Syngenta Group supports farmers to grow healthier plants in healthier soil with a higher yield.

Syngenta Group, which is registered in Shanghai, China, and has its management headquarters in Switzerland, draws strength from its four business units: Syngenta Crop Protection, headquartered in Switzerland; Syngenta Seeds, headquartered in the United States; ADAMA^®, headquartered in Israel; and Syngenta Group China.

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