Syngenta AG is seeking a buyer for its 6,000-acre operation in Hawaii. In the midst of a $43 billion takeover by ChemChina, Syngenta is trying to sell the Hawaii operations while still planning to remain part of the state’s agricultural industry. Syngenta has 105 full-time Hawaii employees. Syngenta told the Honolulu Star-Advertiser newspaper it would seek to have its existing seed work in Hawaii continue to some degree under contract with a new owner. Syngenta’s presence in Hawaii stretches back nearly 50 years. A Spokesperson for Syngenta declined to tell the paper why the company was selling the operations, other than calling it a “change of approach to the business model.” Meanwhile, the company says the Syngenta-ChemChina merger is expected to be completed by the end of the year.
From the National Association of Farm Broadcasting news service.