Crystal Crop Protection buys 3 seed brands from Swiss agribusiness Syngenta
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Crystal Crop Protection buys 3 seed brands from Swiss agribusiness Syngenta

By Keshav Sunkara

  • 03 Apr 2018
Crystal Crop Protection buys 3 seed brands from Swiss agribusiness Syngenta
Credit: Shah Junaid/VCCircle

India’s Crystal Crop Protection Ltd has bought three seed brands from Swiss agribusiness Syngenta AG, for an undisclosed amount, the agrochemical company said.

The brands -- Mahalaxmi (sorghum), Atheeva (pearl millet) and SX-17 (fodder sorghum) -- have been acquired from the Swiss firm’s Indian unit, Syngenta India Ltd.

Syngenta AG is one of the leading agribusinesses in the world.

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Ankur Aggarwal, managing director at Crystal Crop Protection, said the acquisition will strengthen the company’s seed portfolio.

Incorporated in 1994, Delhi-based Crystal Crop Protection is primarily engaged in the manufacturing and distribution of agrochemicals, seeds, farm equipment, and others. The company has five manufacturing units – two each in Haryana and Jammu & Kashmir, and one in Gujarat.

It has a country-wide network of 7,000 distributors.

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In 2011, private equity firm Everstone Capital had given Rs 150 crore ($30 million) for a 9% stake in Crystal Crop Protection.

Earlier this year, Crystal Crop Protection acquired a manufacturing unit from Cytec India Specialty Chemicals and Materials Pvt. Ltd for Rs 96.7 crore ($15 million).

Cytec India Specialty Chemicals is a wholly-owned subsidiary of Brussels-based Solvay SA.

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In 2016, Crystal Crop Protection acquired a fungicide brand from German chemicals maker BASF.

In 2012, the company acquired a pesticide brand from Mumbai-based Cheminova India.

In 2011, it acquired Hyderabad-based firms Rohini Seeds as well as Rohini Bioseeds and Agritech.

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