| Home
Advanta acquires US company for $10.5 mn
Calcutta News.Net
Tuesday 4th March, 2008 (IANS)
India's multinational seed company Advanta India Ltd has acquired Texas-based Garrison & Townsend, LP, (GT) Hereford, for $10.5 million.
Announcing this to the Bombay Stock Exchange (BSE) Tuesday, an official communique from the company stated that GT has strong presence in Sudan vis-a-vis the cultivation and marketing of sorghum species of grasses, used for growing grains and fodder.
The release states that in Sudan, about 67 percent of revenue arising out of the cultivation of sorghum is carried out by GT.
In fiscal 2007, GT achieved sales of about $11 million and this acquisition, according to the company, will bolster and strengthen Advanta presence in sorghum cultivation.
Moreover, the acquisition will also give Advanta advantage in markets in the US, central America, Japan, Mexico, Pakistan, Israel and Italy where GT has a strong sorghum consumer base.  Email this story to a friend
Have your say on this story
|
 |
 |
- Court permits minor maintenance at Mayawati's 'dream projects'
New Delhi, Feb 9 (IANS) The Supreme Court Tuesday allowed the Uttar Pradesh government to take up some minor maintenance work at the memorial sites to various Dalit leaders in Lucknow, where all further construction and masonry work had been halted by the court last September. [read story]
- Two SPOs injured in Maoist ambush in Chhattisgarh
Raipur, Feb 9 (IANS) Two special police officers (SPOs) were injured Tuesday in Chhattisgarh's Dantewada district when Maoist insurgents ambushed a contingent of some 300 policemen, officials said. [read story]
- Batla House shootout: Petitioner seeks copy of post-mortem report
New Delhi, Feb 9 (IANS) The Delhi High Court Tuesday admitted an appeal demanding the copy of the post-mortem report of the three people killed in the Batla House shootout. [read story]
- Nagpur Test defeat Dhoni's first as captain
Nagpur, Feb 9 (IANS) India's loss by an innings and six runs to South Africa here Tuesday is Mahendra Singh Dhoni's first defeat as a captain in Tests. [read story]
- India, Turkey negotiating free trade accord: President Gul
New Delhi, Feb 9 (IANS) Asking the private sector to take the lead in expanding economic ties, visiting Turkish President Abdullah Gul Tuesday said India and Turkey will try to complete a Free Trade Agreement (FTA), currently being negotiated. [read story]
|
|
 |
 |
|
|
