IANS | 29 Sep, 2029
Crystal Crop Protection Limited, one of the fast-growing
R&D-based crop protection manufacturing and marketing companies in
India, has strengthened its cotton seeds portfolio with the strategic
acquisition of Sadanand Cotton Seeds business from Kohinoor Seeds.
The
acquisition will boost Crystal's goal of providing end-to-end
innovative and progressive solutions to stakeholders in the cotton seed
business.
With a persistent commitment to innovation and quality,
Crystal Crops has consistently demonstrated its dedication to enhancing
agricultural productivity and crop yields for farmers across the
country.
Commenting on the acquisition, Satyender Singh, CEO of
Seeds at Crystal Crop Protection, said: "We firmly believe that this
strategic acquisition will not only reinforce our market presence in the
Cotton Seeds segment but will also substantially enhance our reach and
accessibility within the broader seeds industry.
"In a market
where approximately five crore packets constitute the cotton seed
sector, displaying consistent performance over recent years, the
importance of cotton as a pivotal cash crop for farmers cannot be
emphasized enough.
"Crystal's commitment to actively
collaborating with farmers to amplify their income levels remains
consistent. This acquisition represents an important milestone in
further solidifying Crystal's presence within the cotton crop sector. We
look forward to continuing the legacy of Sadanand and delivering
exceptional value to our customers."
Commenting on the
acquisition, Pawan Kansal, Managing Director, Kohinoor Seed Fields India
Private Limited said: "We are delighted that Crystal Crop Protection
has acquired 'Sadanand'. Crystal Crop Protection is a leading company in
the segment and has been making giant strides in this space through
focus on innovation and digitalisation. We believe that this acquisition
will provide a unique synergy of strengths to build the brand further."
Crystal's
seeds business has experienced substantial growth in recent years,
driven by a combination of organic and inorganic expansion efforts.
The
company occupies a formidable presence among the leading seed providers
in multiple segments, including cotton, mustard, fodder, sorghum and
pearl millet.
With the strategic acquisition of Sadanand Cotton
Seeds from Kohinoor Seeds, Crystal anticipates a substantial boost in
its seeds business revenues, projecting an increase of approximately 20
per cent.
This significant acquisition marks the tenth addition to
Crystal's strategic portfolio and represents the fourth investment in
the Seeds business.
Some notable acquisitions in the past have
been the acquisition of Cotton, Pearl Millet, Mustard, and Sorghum
portfolios from Bayer in 2021. In previous years, Crystal has
successfully acquired a range of agrochemical and seed brands from
multinational companies such as Syngenta, FMC, and Dow-Corteva, etc.
Additionally,
the company expanded its manufacturing capabilities through the
acquisition of a production facility from the Solvay group in Nagpur in
2018.
Crystal continues to advance its position as a dynamic
player in the agribusiness sector, driven by a commitment to innovation,
quality, and strategic expansion. This acquisition represents a
valuable addition to Crystal's diverse agribusiness portfolio.
The
Sadanand brand is known for its high-quality cotton seeds, which have
gained the trust of farmers and stakeholders in the agricultural sector
over the years.
By incorporating Sadanand into its portfolio,
Crystal aims to further empower farmers with research-backed,
best-quality cotton seed varieties and advanced agricultural solutions.
Crystal's
acquisition of Sadanand Cotton Seeds is a testament to the company's
dedication to sustainable agriculture and its mission to contribute to
the prosperity of Indian farmers.
This strategic investment
underlines Crystal's unwavering commitment to research, development and
innovation in the agri-business sector.