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Wednesday / November 20. 2024
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This acquisition will enable Crystal to diversify its seeds business and strengthen its presence in the high-value vegetable and flower segments.

Crystal Crop Protection Limited has announced its 12th acquisition, acquiring I&B Seeds, a prominent player in the flower and vegetable seeds market having a leadership position in Marigold seeds with Indus and SPS brands. This acquisition will enable Crystal to diversify its seeds business and strengthen its presence in the high-value vegetable and flower segments, positioning the company as a formidable player in the industry.

By expanding into this segment, Crystal aims to provide farmers with access to high-quality vegetable and flower seeds that can enhance yield and profitability. I&B Seeds is a leader in the flower and vegetable seeds market, known for its strong focus on R&D and high-quality seed products. The company is the market leader in Marigold seeds with Indus and SPS brands and has a strong presence in Tomato, Chilies, Sweetcorn and Cucumber. With over 600+ dealers across India and export operations in countries like the United States, Egypt, Bangladesh, Thailand, and Sri Lanka, I&B Seeds has a robust global presence.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of Crystal Crop Protection Limited, said, “This acquisition marks a pivotal moment in our growth strategy. At Crystal, we are deeply committed to the well-being of our farmers. By expanding into the vegetable and flower seed segments, we are not only diversifying our offerings but also enhancing our ability to provide farmers with high-quality seeds that can significantly increase their incomes. Our focus is on empowering farmers with innovative solutions that improve yields and profitability, ensuring they have access to the best resources for their cultivation needs. I&B Seed’s expertise in the flower and vegetable seeds market, combined with our strong portfolio in field crops, will allow us to better serve the agricultural community and contribute to sustainable farming practices across India.”

Crystal’s current seeds portfolio has farmer’s preferred brands like Proagro, Sadanand, Surpass, and Dairy Green across field crops like cotton, maize, pearl millet, mustard, fodder, wheat, berseem, and sorghum. With the addition of Indus and SPS Brands with the acquisition of I&B Seeds vegetable and flower segments, Crystal will further diversify its product offerings and expand its reach to more farmers. The new business is expected to boost Crystal’s seeds division, contributing to a 30 per cent increase in its topline growth.

Praveen Noojibail, Managing Director of I&B Seeds, stated, “This acquisition is a great opportunity for Crystal Seeds to combine I&B Seed’s legacy in flower and vegetable seeds with Crystal’s extensive resources and distribution network. The size and strength of Crystal will help accelerate the reach of innovative and high-quality seeds to farmers across India and beyond, ensuring better yields and profitability.”

George Ball, Chairman, W. Atlee Burpee Company and Partner in I&B Seeds, also stated that it will be a great opportunity for I&B Seed’s R&D to reach farmers at a larger level and help them produce better crops.

Artha Arbitrage Consulting, a Hyderabad-based financial consulting firm, advised I&B on this transaction.

This acquisition will enable Crystal to diversify

Sikosa was tested in various State Agri Universities with more than 1,000 demonstrations in the last 5 years with paddy farmers.

Crystal Crop Protection Limited, in collaboration with the global leaders Batelle and MASI, developed Sikosa, a next-generation herbicide on the back of cutting-edge R&D powered by Banyan Technology. Sikosa is a revolutionary product designed to protect paddy crops from weeds. It marks a significant milestone in global collaboration and research and development efforts for Indian farmers.

Darren Grafham from Battelle Crop Protection Solutions UK expressed his excitement about the deployment of Banyan technology in India, stating, “We are excited to see the deployment of the Banyan technology co-developed with MASI and taken to market through our partner Crystal Crop Protection in India. This first product is expected to enhance the yields of paddy crops in India for the benefit of farmers across the continent. We look forward to furthering our partnership with Crystal to bring innovations to India.”

Hidetoshi Nakamura of Mitsui Agriscience International – AgriGuard subsidiary (MASI) expressed his pride in the breakthrough formulation technology, saying, “We are proud to have discovered and developed, with Battelle, a breakthrough formulation technology. Our best-in-class formulation technology, combined with Crystal’s expertise and extensive presence across India, will allow Sikosa to become a leading paddy herbicide rapidly.”

Driven by its robust in-house R&D capabilities, strategic acquisitions, and collaborations with international players, Crystal has launched 14 products over the past two years.

Ankur Aggarwal, Managing Director of Crystal Crop Protection Limited said, “In this era of collaboration, Sikosa will be a great example of global collaboration in R&D-based product introduction for Indian farmers. With this introduction, Crystal now has the widest range of products for the complete crop cycle of Paddy”.

Sikosa was tested in various State Agri Universities with more than 1,000 demonstrations in the last 5 years with paddy farmers. The product has been found effective in the control of narrow-leaf weeds, broad-leaf weeds, and sedges.

Sikosa was tested in various State Agri

Mentor fungicide will help company to reach more farmers in paddy markets of Andhra Pradesh, Karnataka, Telangana, West Bengal, Punjab Haryana, etc.

Crystal Crop Protection launched a new fungicide Mentor for Paddy farmers. Mentor is tested in various State Agri Universities across India and more than 1,000 demonstrations were laid in various paddy growing markets with farmers. It has been found effective in disease management in Paddy and the product is set to become a beneficial inclusion in farmers’ practices. The product will not only control sheath blight but also improves the overall health of the paddy crop resulting in higher yield and quality produce.

Mentor will help Crystal Crop reach more farmers in paddy markets of Andhra Pradesh, Karnataka, Telangana, West Bengal, Punjab Haryana, etc. The product will be available immediately for the ongoing rabi season. The product will further strengthen the company’s fungicide portfolio, which already has the industry’s leading brands like Bavistin, Tilt, Blue Copper, and Azotrix.

Mentor fungicide will help company to reach