New Zealand and Uruguay
July 4, 2007
PGG Wrightson has signed an unconditional contract to
purchase from DuPont Argentina S.A. all the shares in AgarCross
Uruguay SA, which owns the company and trademark Agrosan. “This
is a significant step forward for PGG Wrightson in Uruguay”
Barry Brook, PGG Wrightson’s Chief Executive Officer commented.
PGG Wrightson has been involved
with seed production, distribution and marketing in Uruguay
since 1999, supported by research, breeding and evaluation
facilities internationally.
AgarCross Uruguay, based in
Montevideo, is a significant player in the Uruguay seeds
business, as well as being the distributor of Pioneer brands and
DuPont agrichemical products.
“By buying the shares of AgarCross
PGG Wrightson not only is the leader of the forage seeds
business, but in addition becomes a key player in agrochemicals.
PGG Wrightson will be present in the Uruguay market with two
leading companies; Wrightson PAS and Agrosan”.
As part of the development of a
strong regional base in Uruguay, PGG Wrightson has also just
concluded the purchase of the shares of the minority
shareholders in Wrightson PAS. “Our partners have been a key
part of our growth in the South American market and it is now
time to say thank you to them” said Barry Brook. |
