This site uses cookies in order to provide functionality and to make our site work more effectively

By continuing to use this Syngenta website, you agree to us setting cookies as set out in the cookie policy.

Syngenta acquires Maribo Seed sugar beet business from Nordic Sugar 

Basel, Switzerland, May 27, 2010 

Syngenta announced today the signing of an agreement to acquire the Maribo Seed sugar beet business from Nordic Sugar.

  • Consolidates position in sugar beet across Europe
  • Further enhances outlook for Diverse Field Crops


Syngenta announced today the signing of an agreement to acquire the Maribo Seed sugar beet business from Nordic Sugar, a subsidiary of Nordzucker AG, for a consideration of €43 million ($52.8 million) plus €5 million ($6.1 million) contingent payments on a cash and debt free basis. The transaction includes the seed production and sales activities of Maribo Seed as well as the Maribo brand name. In 2009 sales of the acquired activities were around €35 million ($49 million).

“This acquisition consolidates our position in European sugar beet,” said Davor Pisk, Chief Operating Officer Syngenta Seeds. “Maribo Seed has incorporated Syngenta genetics in its range since 1992. It is a strong and well-established brand in key markets.”

Beet sugar accounts for around 30 percent of the world's sugar production. Globally, sugar beet is grown on around four million hectares, mainly in the European Union, the Commonwealth of Independent States (CIS) and the United States. The global sugar beet seeds market is currently valued at around $750 million.

Maribo Seed was created in 1920 and is headquartered close to Copenhagen in Holeby, Denmark. The company sells its sugar beet seeds in 35 countries and has commercial operations across Europe including Russia, Poland, Denmark and the UK. Maribo Seed has around 170 employees.

The transaction is subject to the approval of regulatory authorities.

PDF version

Syngenta Analyst / Investor Enquiries:

Jennifer Gough


+41 61 323 5059



+1 202 737 6521

John Hudson


+41 61 323 6793



+1 202 737 6520

Syngenta Media Enquiries:

Médard Schoenmaeckers


+41 61 323 2323

Syngenta Cautionary Statement Regarding Forward-Looking Statements

This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefore.



Back to top

Contact us

Contact us

Global Media Office
Tel: +41 61 323 2323