SACRAMENTO, Calif., Sept. 19, 2018 /PRNewswire/ — S&W Berry Aggregation (Nasdaq : SANW) today appear that it has created a collective adventure with Canadian-based AGT Aliment and Capacity (“AGT”) subsidiary, AGT Foods Africa (Pty) Ltd (“AGT Foods Africa”), to anatomy a new aggregation registered in South Africa to accomplish beneath the name of SeedVision SA (Pty.) Ltd. (“SeedVision”). S&W provides adeptness in agronomical breeding, assembly and processing for the alfalfa, sunflower, sorghum species, and stevia industries. AGT is one of the better suppliers of value-added pulses, basic foods and aliment capacity in the world.
SeedVision affairs to advantage AGT Foods Africa’s assembly and processing accessories to aftermath S&W’s amalgam sunflower, atom sorghum and beat sorghum for auction by SeedVision in the African continent, Middle East countries and Europe. AGT Foods Africa has agreed to advance its assembly assets in South Africa, Zambia and Tanzania, and its berry charwoman and warehousing accessories at Krugersdorp, South Africa.
S&W has created an aristocratic portfolio of amalgam sorghum and amalgam sunflower germplasm that is alluringly ill-fitted for the African market. S&W accessed aristocratic atom sorghum germplasm from about the apple to advance and accompany to bazaar varieties of above acreage achievement with key attributes such as aerial yield, tolerances to acute acclimate altitude (such as drought), insect and ache resistance, atom affection and harvestability. As sorghum is developed in drier zones breadth blah cannot be grown, yield, aridity tolerance, standability, and ache attrition are important attributes for sorghum growers. S&W’s Australian based sorghum ancestry affairs provides accomplished articles for the African environments.
As beat sorghum is acclimated mainly for beasts grazing, hay assembly and silage, S&W’s beat sorghum varieties affection above axis quality, standability, aerial amoroso levels, aerial dry amount production, and low prussic acerbic levels.
S&W develops aristocratic ache attrition sunflower berry hybrids and ally with arch all-around companies to advance herbicide aggressive characteristics, specific oil profiles—both oleic and linoleic—and aerate crop abeyant for altered growing altitude about the world.
SeedVision will be appointing a Commercial Manager to arise sales and business activities. S&W and AGT Foods Africa accept enjoyed a actual connected and acknowledged accord via companies acquired by S&W in contempo years, including S&W’s Berry Genetics All-embracing and SV Genetics subsidiaries based in Australia.
Mark Wong, administrator and CEO of S&W, said, “We are admiring to accomplice with AGT to aggrandize the availability of our sorghum and sunflower articles into the African market. AGT is a ample all-embracing provider of aliment capacity throughout the apple and the accession of sorghum and sunflower expands their already ample card of basic foods and aliment ingredients. Africa represents a ample bazaar and we attending advanced to a acknowledged accord with AGT to advance this alarmingly important bazaar for these important products.”
“We accept beheld Southern Africa as a key assembly agent for some time to accommodated all-around aliment assembly needs. Through our Africa platform, with AGT Foods Africa and our administration aggregation there, we accept connected alive to abound our geographic administration and assembly platforms in the region. Berry availability of all crops is a ytical basic to growing assembly and is an breadth that AGT is focused on in the abounding agronomical assembly origins we accomplish in. Our anew appear affiliation with S&W to anatomy this new collective adventure allows us to extend our key processing and administration assets in Southern Africa to abound opportunities for added targeted agronomical assembly of these important crops in the region,” said Murad Al-Katib, President and CEO of AGT.
The antecedent buying of SeedVision will be 50.1% by S&W and 49.9% by AGT Foods Africa.
About AGT Aliment and IngredientsAGT Foods Africa is a accessory of AGT Aliment and Ingredients, a Canadian-based accessible company, (TSX :AGT ) that is one of the better suppliers of value-added pulses, basic foods and aliment capacity in the world. AGT procures lentils, peas, beans and chickpeas from farmers about its 40 accessories amid in the best beating growing regions in Canada, the United States, Turkey, Australia, China and South Africa and ships its articles to over 120 countries about the globe. AGT Foods Africa is a trusted specialist supplier of agronomical production, processing and trading services. With a geographic brand that extends to abundant of the African continent, AGT Foods Africa is able to action bounded and all-embracing barter above affection pulses, legumes, accommodation seeds, acreage seeds and airheaded from South Africa, Mozambique, Malawi, Zambia and Zimbabwe. For added advice on AGT, amuse appointment our website at www.agtfoods.com/za
About S&W Berry CompanyFounded in 1980, S&W Berry Aggregation is a all-around agronomical aggregation headquartered in Sacramento, California. S&W’s eyes is to be the world’s adopted proprietary berry Aggregation which aliment a ambit of beat and specialty crop articles that supports the growing all-around appeal for beastly proteins and convalescent customer diets. S&W is a all-around baton in alfalfa seed, with cogent ysis and development, assembly and administration capabilities. S&W’s capabilities amount the world’s alfalfa berry assembly regions, with operations in the Western United States, including the San Joaquin and Imperial Valleys of California, Australia, and Canada, and S&W sells its berry articles in added than 30 countries about the globe. S&W additionally provides amalgam sorghum and sunflower and is utilizing its ysis and ancestry adeptness to advance and aftermath stevia, the all-natural, aught calorie aspartame for the aliment and cooler industry. For added information, amuse appointment www.swseedco.com.
Safe Anchorage StatementThis absolution contains “forward-looking statements” aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as adapted and such advanced statements are fabricated pursuant to the safe anchorage accoutrement of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” call approaching expectations, plans, results, or strategies and are about preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” Advanced statements in this absolution include, but are not bound to, statements apropos SeedVision’s advancing use of AGT Foods Africa’s assembly and processing accessories to aftermath our sunflower and sorghum products; AGT Foods Africa’s use of assembly assets in South Africa, Zambia and Tanzania, and its berry charwoman and warehousing accessories in Krugersdorp, South Africa; the adequacy of our Sorghum and sunflower articles in African environments; the success of our accord with AGT to capitalize on the sorghum and sunflower markets in Africa, as able-bodied as the accent of the African bazaar with account to sales of sorghum and sunflower products; the appulse of our accord with AGT in extending AGT’s key processing and administration assets in Southern Africa, and its adeptness to actualize opportunities for added targeted agronomical assembly of sorghum and sunflower articles in the region; and the advance of our cardinal initiatives. You are cautioned that such statements are accountable to a aggregation of risks and uncertainties that could account approaching circumstances, events, or after-effects to alter materially from those projected in the advanced statements, including the risks that our collective adventure with AGT may not advance our admission to the South African bazaar or advance sales of our products, leveraging AGT’s assets may not advance our sunflower and sorghum assembly and processing in the region, and our cardinal initiatives may not accomplish the accepted results, and the risks associated with our adeptness to auspiciously optimize and commercialize our business. These and added risks are articular in our filings with the Securities and Exchange Commission, including after limitation our Annual Report on Anatomy 10-K for the budgetary year concluded June 30, 2017, and in our added filings after fabricated with the Securities and Exchange Commission. All advanced statements independent in this columnist absolution allege alone as of the date on which they were made. We do not undertake any obligation to about amend any advanced statements, whether as a aftereffect of the cancellation of new information, the accident of approaching contest or otherwise.
SOURCE S&W Berry Company
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