{"id":6420,"date":"2021-12-02T14:23:48","date_gmt":"2021-12-02T08:53:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-crystalcrop\/"},"modified":"2021-12-02T14:23:48","modified_gmt":"2021-12-02T08:53:48","slug":"biz-crystalcrop","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-crystalcrop\/","title":{"rendered":"Crystal Crop completes acquisition of 4 hybrid seeds from Bayer"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2633674300\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Dec 2 (PTI) Agro-chemical firm Crystal Crop Protection Ltd (CCPL) on Thursday said it has completed the acquisition of four hybrid seeds &#8212; cotton, mustard, pearl millet and grain sorghum &#8212; from global life sciences firm Bayer in India.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1062984788\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The seed business acquired by CCPL represents a very small portion of Bayer&#8217;s Indian and global business portfolio. The two companies had agreed to close the transaction by December-end this year.<\/p>\n<p> &#8220;We have completed the transaction ahead of target date and now Crystal team will take over the business,&#8221; CCPL Managing Director Ankur Aggarwal said in a statement.<\/p>\n<p> Mustard, pearl millet and cotton hybrids are strong brands preferred by farmers. This acquisition will strengthen the company&#8217;s field crop seed business and make it a strong integrated agri-input player, he said.<\/p><div class=\"trade-content_5\" id=\"trade-2960548507\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;We expect this business to contribute 10 per cent of annual turnover,&#8221; he added.<\/p>\n<p> CCPL said the acquisition comes with prestigious brands Proagro and Surpass &#8212; along with associated breeding programs, talented team of incredible knowhow, technology, intellectual property, research farms and strong pipeline of products &#8212; that will put CCPL in a fast growth trajectory in seed business.<\/p>\n<p> This is Crystal&#8217;s third acquisition in seed space since 2011 when it acquired Hyderabad-based Rohini-Seeds Pvt Ltd and Rohini Bioseeds and Agritech Pvt Ltd and acquisition of Syngenta&#8217;s Indian Grain Sorghum, Fodder Sorghum (SSG) and Pearl Millet seeds business in 2018. PTI LUX  ANS ANS<\/p>\n<div class=\"trade-after-content\" id=\"trade-387917476\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 2 (PTI) Agro-chemical firm Crystal Crop Protection Ltd (CCPL) on Thursday said it has completed the acquisition of four hybrid seeds &#8212; cotton, mustard, pearl millet and grain sorghum &#8212; from global life sciences firm Bayer in India. The seed business acquired by CCPL represents a very small portion of Bayer&#8217;s Indian [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-6420","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crystal Crop completes acquisition of 4 hybrid seeds from Bayer - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-crystalcrop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crystal Crop completes acquisition of 4 hybrid seeds from Bayer\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 2 (PTI) Agro-chemical firm Crystal Crop Protection Ltd (CCPL) on Thursday said it has completed the acquisition of four hybrid seeds &#8212; cotton, mustard, pearl millet and grain sorghum &#8212; from global life sciences firm Bayer in India. 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