Crystal Crop Protection Forges Path to Cotton Seed Excellence with Strategic Acquisition
Crystal stands as a dominant player in various seed sectors, such as cotton, mustard, sorghum, and pearl millet. Their recent acquisition of Sadanand Cotton Seeds from Kohinoor Seeds is poised to significantly elevate their seed business, with revenue estimates indicating a remarkable 20% surge.
On a recent Thursday, Crystal Crop Protection Limited, a renowned research and development-driven enterprise focused on crop protection products in India, significantly broadened its portfolio of cotton seed solutions. This strategic augmentation was realized through the acquisition of the Sadanand Cotton Seeds business from Kohinoor Seeds.
The agricultural input conglomerate affirmed that this acquisition signifies a significant stride toward realizing Crystal's vision of delivering end-to-end, inventive, and progressive solutions to stakeholders involved in the cotton seed industry. Crystal Crop Protection has consistently demonstrated its commitment to enhancing agricultural productivity and augmenting crop yields for farmers across the nation.
Satyender Singh, heading the Seeds division at Crystal Crop Protection, expressed his conviction that this strategic acquisition not only boosts their foothold in the cotton seed sector but also significantly extends their reach within the broader seed industry landscape. In a market where around five crore seed packets symbolize the cotton seed segment, and where steady growth has characterized recent years, the importance of cotton as a cornerstone cash crop for farmers cannot be overstated. Consequently, this acquisition signifies an achievement in further strengthening Crystal's position in the cotton crop sector.
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Pawan Kansal, the Managing Director of Kohinoor Seed Fields India, expressed his delight over Crystal Crop Protection's acquisition of 'Sadanand.' Acknowledging Crystal's prominence in the field and its progressive strides through innovation and digitalization, he emphasized that this acquisition would strengthen to advance the brand further.
The company also conveyed that Crystal's seeds division has witnessed remarkable growth in recent years, driven by a combination of organic and inorganic expansion journeys. Presently, Crystal commands a formidable position as one of the pre-eminent seed providers across multiple segments, encompassing cotton, mustard, fodder, sorghum, and pearl millet. With the strategic integration of Sadanand Cotton Seeds from Kohinoor Seeds, Crystal anticipates a substantial surge in seed business revenues, projecting an increase of approximately 20%.
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Crystal Crop Protection emphasized that this significant acquisition marks the tenth addition to its strategic portfolio and represents the fourth investment in the seeds sector. Notable acquisitions in the past have included the procurement of cotton, pearl millet, mustard, and sorghum portfolios from Bayer in 2021. Over the years, Crystal has effectively acquired various agrochemical and seed brands from multinational corporations such as Syngenta, FMC, and Dow-Corteva. Moreover, the company has expanded its manufacturing capabilities by acquiring a production facility from the Solvay group in Nagpur back in 2018.
The agricultural input firm also highlighted that Crystal's acquisition of Sadanand Cotton Seeds highlights its steadfast commitment to sustainable agriculture and its mission to contribute to the prosperity of Indian farmers.
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