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Feb. 8, 2012 Source: Sevita International news release In a move to bring the full Identity Preserved soybean value chain together, PRO Seeds Marketing, Hendrick Seeds, Hendrick AgriFoods and Agworks announced today that the companies have merged. The birth of Sevita International brings together the development of premium soybean genetics, seed varieties and export brands to deliver the benefits of a fully integrated value chain to farmers and end users alike. The company will now operate as Sevita International with their domestic seed marketing arm continuing under the PRO Seeds brand. "We've built our business by understanding the needs of our growers and our export customers," says David Hendrick, President Sevita International. "In 2005, we established a non-GMO breeding program to enable us to deliver the quality genetics our export customers are looking for along with the yield and performance that our growers demand. With the merger, we can now deliver benefits from the breeding program directly to our growers and to our end use customers." In September of 2011, Hendrick Seeds entered into a strategic partnership with Agworks Inc. and Rosebank Seed Farms Ltd resulting in a new ownership structure that integrates Hendrick Seed genetics with PRO Seeds distribution to create a full suite of premium soybean products for Canadian farmers. "We're committed to creating more value for Canadian farmers by providing new market opportunities and the best soybean varieties to serve those opportunities," says Bob Hart Vice- President Sevita International. "This merger strengthens our ability to develop and deliver premium soybean genetics along with the quality, convenience and dependability they've come to expect from the PRO Seeds brand. It also allows us to mitigate environmental risks by contracting over a wider range of maturities in growing areas stretching from Windsor to Prince Edward Island. " Sevita International will focus on being market driven in the development of superior non-GMO food-grade soybeans to strengthen their leadership position in identifying and serving growing export market opportunities for Canadian soybean producers. About Sevita International Sevita International brings together all aspects of the soybean supply chain to deliver benefits to farmers and end-users alike. Sevita is derived from the Spanish words "semillas" meaning seed and "vita", way of life. For us farming and food are a way of life. Sevita International is a leading contractor and supplier of soybeans to the soy-food industry around the world. Our business encompasses the research, production, growing, contracting, processing and export of grains and oilseeds. Tweet |
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