Australia
May 2, 2023
- Syngenta has acquired Macspred Australia for an undisclosed amount
- Macspred specialises in vegetation management in non-crop industries
- The acquisition strengthens the presence of Syngenta in aligned markets
Syngenta has successfully completed the acquisition of Macspred Australia, specialists in industrial, forestry and non-crop weed control, a business located in Ballarat, Victoria, for an undisclosed amount. The newly acquired company enhances the range of services provided by Syngenta, positioning it to meet the needs of customers throughout the country.
Macspred has specialised in vegetation management in forestry, roads, rail, utilities and infrastructure for over 30 years, researching and developing products specifically for these situations. The acquisition is for 100% ownership and includes all products, toll formulation, manufacturing and distributorship sites, warehousing, and intellectual property.
All Macspred employees will transfer to Syngenta Australia Pty Ltd, while remaining based in Macspred locations.
David Van-Ryswyk, Head of Syngenta Professional Solutions ANZ, said “we are very excited to bring this business into the Syngenta SPS business locally. Our investment in non-crop industries ensures customers benefit from the global expertise of Syngenta coupled with the local research, development and manufacturing of Macspred.”
“We are particularly pleased to be entering the forestry products market for the first time, servicing both large-scale commercial plantation customers and a growing farm forestry clientele who are seeking ways to improve financial sustainability and environmental biodiversity on farm.”
Mr Paul Luxton, Country Head of Syngenta Australia New Zealand, said “this acquisition strengthens the presence of Syngenta in aligned markets, complementing our existing portfolio of products.”
“The purchase aligns with Syngenta’s strategy of providing innovative solutions to help customers face their challenges in a changing world.”
“We are confident that it will be successful for all stakeholders involved,” said Mr Luxton.
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