American seed firm S&W Seed Co and AGT Foods Africa, a subsidiary of Canadian AGT Food and Ingredients, have formed a new joint venture to produce and commercialise seed products in Africa.
Ownership of the new firm – to be called SeedVision SA – would be split 50.1%-49.9% between S&W and AGT, respectively, reported World Grain in September.
SeedVision intended to make use of AGT’s African production and processing facilities to produce S&W’s hybrid sunflower, grain sorghum and forage sorghum for sale in Africa, the Middle East and Europe.
AGT had also agreed to make use of its production resources in South Africa, Zambia and Tanzania and its seed cleaning and warehousing facilities in South Africa.
“AGT is a large international provider of food ingredients throughout the world and the edition of sorghum and sunflower expands their already large menu of staple foods and food ingredients,” said S&W chair and CEO Mark Wong.
“Africa represents a large market and we look forward to a successful collaboration with AGT to develop this critically important market for these important products,” he added.