Syngenta Sells Dulcinea Farms to Pacific Trellis Fruit

<p>Syngenta has entered into an agreement to sell its Dulcinea Farms business to Pacific Trellis Fruit LLC.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Dulcinea was formed in 2004 in partnership with Tanimura &amp; Antle and began as a vehicle for branding proprietary mini-watermelon and specialty melon genetics, according to a press release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Syngenta Chief Operating Officer, Davor Pisk, stated, "The sale will allow Syngenta to focus on bringing innovation to growers and the food value chain in our core Vegetables business. Pacific Trellis is the best partner to provide Dulcinea with the expertise needed to achieve greater scale and long-term business growth."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Syngenta took control of Dulcinea in 2005 bringing an annual sales to around $80 million. Dulcinea will continue to grow and commercialize its current portfolio under this new ownership. Syngenta and Pacific Trellis have also signed a long-term supply agreement allowing Syngenta to continue to provide Dulcinea with mini-watermelon and specialty melon seed varieties.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Financial terms of the transaction were not disclosed. The deal is expected to close by year’s end.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.syngenta.com/global/corporate/en/Pages/home.aspx" target="_new">Sygenta</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.pacifictrellisfruit.com" target="_new"> Pacific Trellis Fruit </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.dulcinea.com/products/index.html" target="_new"> Dulcinea </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">