Private-equity firm
Lariat Partners announced last week that Northern Seed LLC has acquired Triticale from Syngenta.
Triticale is a crossbred grain produced from wheat and rye that is helping in the search for a solution to the problem of forage, especially in high-cattle, limited-water areas. Northern Seed distributes certified wheat seed and small grains such as barley, grasses and peas/legumes. It's also a provider of seed conditioning and treatment services.
Northern Seed will expand upon Syngenta’s Triticale varietal research and development program led by David Worrall. The Triticale program will complement Northern Seed’s research program that is headquartered in Bozeman, Montana, and focuses on development of grains and forages.
“Given Lariat’s emphasis on investing in specialty agriculture products and services that improve the efficiency and yields of growers, this opportunity is an ideal fit for us,” Kevin Mitchell, managing partner for Lariat Partners, said. “We are excited about the new opportunities created by this add-on acquisition and we look forward to working closely with the customers and the key stakeholders within the Triticale markets.”
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