Chromatin Inc., a US based company focused on sorghum seeds, has purchased the sorghum portfolio of Nidera Seeds, an Argentine seed company. The announcement was made today. The amount of the transaction was not disclosed.
The sale includes Nidera’s sorghum assets, including its commercial sorghum products, research and development pipeline, associated intellectual property, inventory and market authorizations.
The decision made by Nidera Seeds to sell its global sorghum program is part of the company’s strategy of focusing its resources on its main crops, including corn, sunflower, soybeans, and wheat, according to a joint announcement.
“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.”
“This acquisition provides us with several highly competitive products registered in Argentina, Brazil, Paraguay, Uruguay and Bolivia,” said Gabriel Fodere, recently appointed as Chromatin’s Commercial Director. “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, the release noted, 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.”
Chromatin is headquartered in Chicago and exports hybrid sorghum seed from production plants in Texas, Australia, South America and Africa to over 40 countries.