PGG Wrightson buys assets of Southedge Seeds

Tuesday 10th May 2011

PGG Wrightson has expanded its activities in the Australian seeds business, with the purchase of the assets of north Queensland company Southedge Seeds.

The deal provided the platform for growth into the tropical market segment, PGG Wrightson said today.

Southedge Seeds was located in the town of Mareeba, on the Atherton Tablelands of northern Queensland, Australia's primary tropical pasture seed production area.

Strategic assets provided by the company included tropical pasture seed production capability in the Atherton Tablelands, seed processing and coating facilities plus cold storage, patented de-hulling and coating technology, and export and domestic sales capability and expertise in tropical species.

PGG Wrightson AgriTech division group general manager John McKenzie said the purchase would extend the growth of the company's operations in Australia, where PGG Wrightson Seeds have been established for almost 75 years.

The acquisition follows the recent purchase of South Australian business Keith Seeds.

Early this month a partial takeover of PGG Wrightson was completed, taking the stake of Agria Singapore to just above 50%.

NZPA

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