Ann: ASSET: NFF: Seed business acquisition in Bra

• Release Date: 04/02/13 13:23
• Summary: ASSET: NFF: Seed business acquisition in Brazil
• Price Sensitive: No
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NFF
04/02/2013 11:23
ASSET

REL: 1123 HRS Nufarm Finance (NZ) Limited

ASSET: NFF: Seed business acquisition in Brazil

Nufarm's wholly owned Nuseed subsidiary,  Nuseed do Brasil S.A., has acquired
51% of the equity in Atlantica Sementes Ltda., a Brazilian business
specialising in sorghum and sunflower seeds.
The acquisition provides an important base in the growing Brazilian market
and is a further step in the expansion of Nuseed's global platform.
Atlantica has administration, sales, marketing, production and testing
capabilities in Brazil and a strong branded market presence.  Atlantica
employs 45 people with offices in Curitiba and Rio Verde.  Current annual
sales are approximately R$25 million Brazilian reals  (approx. AU$11.5m).
The majority stake in Atlantica - to be purchased at a cost of R$25 million -
will allow Nuseed to supply a number of existing hybrids through the
Atlantica distribution network and will leverage other development programs
in Australia, Argentina and the USA.
Atlantica will have access to several new high value categories in the Nuseed
pipeline including high sugar forage sorghum, which can be utilised by sugar
cane ethanol plants seeking to improve year round feed-stock efficiency; and
high oleic sunflowers, which produce a highly functional low saturated fat
sought by food manufacturers and restaurant chains.
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About Nuseed:
Nuseed is a global seed and traits company focused on the advancement of
sorghum, sunflower and canola. Nuseed has grown by investing in seed
companies with high quality germplasm, strong product development
capabilities, experienced management and excellent market positions.  Nuseed
has approximately 250 people focused in plant breeding, seed production, and
marketing, serving customers in more than 30 countries.  Nuseed is a wholly
owned subsidiary of Nufarm Limited, a global crop protection and seeds
company.

Further information: Robert Reis
   [email protected]
   Corporate Affairs
   * (61 3) 9282 1177
End CA:00232592 For:NFF    Type:ASSET      Time:2013-02-04 11:23:16