Syngenta Divests US Flowers Distribution And Brokerage

Syngenta announced today that Griffin Greenhouse Supplies, a leading United States-based supplier of greenhouse and nursery materials, has signed an agreement to acquire the Syngenta Horticultural Services (SHS) distribution and brokerage business.

The transaction will include the transfer of SHS assets and employees as well as distribution and brokerage capabilities located in the USA. SHS had sales of $96 million in 2011. Griffin has also signed a long-term agreement to distribute and broker Syngenta Flowers genetics throughout the USA.

Financial terms of the transaction have not been disclosed.