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Re: | SYNGENTA AG |
Press Release: Syngenta acquires flowers business in Japan |
Filed herewith is a press
release related to Syngenta AG. The full text of the press release follows:
# # #
Media Release – Communiqué aux médias – Medienmitteilung |
Syngenta acquires flowers business in Japan
Basel, Switzerland, 16 February 2004
Syngenta announced today that it has acquired all outstanding shares of Dia-Engei, the Japanese leader in producing and marketing seedlings of flowering plants and vegetables. The terms of the transaction were not disclosed. Dia-Engeis sales in 2003 were ¥ 858 million ($8 million). Japan is the third largest flower seed market in the world.
Dia-Engei was established in 1989 as a joint venture company between Syngenta and Mitsubishi Chemical Corporation. Before this acquisition, Syngenta's holding in Dia-Engei was 33%.
This acquisition underscores our commitment to further expand our growing flowers business, said Jeff Beard, Chief Operating Officer for Syngenta Seeds. The purchase of Dia-Engei will enable Syngenta to accelerate growth in the important Japanese market for flower seeds and young plants.
Syngenta is a leader in breeding superior quality flowers, marketed as seeds, young plants and cuttings to professional growers. Under the S&G® Flowers brand, the company currently ranks number two in the global flower seeds market.
Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection, and ranks third in the high-value commercial seeds market. Sales in 2003 were approximately US$ 6.6 billion. Syngenta employs more than 19000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in New York (SYT). Further information is available at www.syngenta.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.Date: February 16, 2004
SYNGENTA AG | ||
By: | /s/ Damian Heller | |
Name: | Damian Heller | |
Title: | Company Secretary | |
By: | /s/ Christoph Mäder | |
Name: | Christoph Mäder | |
Title: | General Counsel |