Advanta Acquires Seed Company
Advanta US Inc. has acquired Crosbyton Seed Co., a leading breeder, producer, and conditioner of hybrid sorghum planting seed products.
February 8, 2010
Advanta US Inc., a subsidiary of Advanta India, Ltd., has acquired 100% of the assets and business of Crosbyton Seed Co. (CSC), a leading breeder, producer, and conditioner of hybrid sorghum planting seed products, including grain sorghum, forage sorghum, millet, and sunflower.
“This acquisition brings more germplasm, resources, and capacity to Advanta US and our international customers,” says Jerry O’Rear, Advanta US research director and global sorghum research lead. “It enhances our ability to service customers in the North American markets by providing a broader product base.”
Crosbyton Seed Co., headquartered in Crosbyton, TX, was founded by president Nathan Boardman in 1972. Executive vice president and co-owner Donnie Swink joined the company in 1974. Together the two built CSC into one of the strongest sorghum seed businesses in North America.
The CSC acquisition makes the second investment in U.S. sorghum seed by Advanta following the 2008 acquisition of the business of Garrison & Townsend Seed Co. (GT) of Hereford, TX. This move further increases Advanta’s global sorghum business footprint, which also includes current operations in Australia, Argentina, India, and Thailand.
Advanta CEO Ram Kaundinya says, “We are extremely proud to welcome Nathan Boardman, Donnie Swink, and the employees of Crosbyton Seed to the Advanta family. Crosbyton Seed Co. has an exceptionally strong grain sorghum business and their customer relationships are first class. The new combination of Crosbyton, GT, our international sorghum seed businesses, and a number of important technology alliances creates a global platform that clearly establishes Advanta as a worldwide leader in the research, production and sales of sorghum.”
Sorghum is the fifth most important cereal grain crop grown in the world behind corn, wheat, rice, and barley. Produced on approximately 100 million acres in 100 different countries around the world, various sorghum types are used for animal feed, food for human consumption, biofuels, and a number of minor uses including sorghum syrup, low-gluten-flour and more.