BASEL, Switzerland and WILMINGTON, Del., Nov. 10, 2010 /PRNewswire-FirstCall/ -- Syngenta and DuPont today announced that Syngenta has assumed full ownership of GreenLeaf Genetics, LLC, effective November 8, 2010. The transaction dissolves a joint venture between Syngenta Seeds, Inc. and DuPont business Pioneer Hi-Bred. It enables Syngenta and Pioneer to pursue independent licensing strategies for their respective proprietary corn and soybean genetics and biotechnology traits.
Davor Pisk, Chief Operating Officer, Syngenta Seeds said: "With full control of GreenLeaf Genetics, we will be able to move more quickly in broadening access to our rapidly expanding portfolio of innovative traits and germplasm. This new ownership structure underscores Syngenta's commitment to helping independent seed companies provide a wide range of choices to growers."
"Pioneer has valued the GreenLeaf Genetics joint venture for more than four years. GreenLeaf Genetics will continue to fulfill an important role in the seed industry by offering farmers choices in new and unique selection of corn and soybean products," said Paul E. Schickler, President – Pioneer Hi-Bred. "Pioneer looks forward to a continued relationship with both GreenLeaf Genetics and Syngenta."
GreenLeaf Genetics was originally launched by Syngenta in 2004 and became a joint venture with Pioneer in April 2006. It will now operate as a wholly owned subsidiary of Syngenta Seeds, Inc. Terms of the transaction were not disclosed.
About SyngentaSyngenta is one of the world's leading companies with more than 25,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to www.syngenta.com.<
|SOURCE Syngenta; DuPont|
Copyright©2010 PR Newswire.
All rights reserved