Swiss agrochemicals company Syngenta has agreed to offload its Dulcinea Farms business to Pacific Trellis Fruit, an American grower and marketer of fresh produce.
Formed in partnership with Tanimura & Antle, Dulcinea Farms is a vehicle for branding proprietary mini-watermelon and specialty melon genetics directly to consumers through national food retail chains.
Financial terms of the transaction were not disclosed. The transaction is expected to be completed by the end of 2013.
Commenting on the transaction, Syngenta chief operating officer Davor Pisk said that the sale will allow Syngenta to focus on bringing innovation to growers and the food value chain in the company's core Vegetables business.
"Pacific Trellis is the best partner to provide Dulcinea with the expertise needed to achieve greater scale and long-term business growth," added Pisk.
In addition, Syngenta will continue to provide Dulcinea with mini-watermelon and specialty melon seed varieties, as part of its long-term supply agreement with Pacific Trellis.
