SANW - S&W Seed Trigall Genetics explore combining wheat operations in Australia
S&W Seed (NASDAQ:SANW) and Trigall Genetics said Wednesday they entered prelim. nonbinding talks to combine wheat operations by setting up Trigall Australia. The new wheat breeding firm will benefit from SANW's Australian footprint and capabilities of Trigall Genetics' co-owners - Bioceres Crop Solutions' (BIOX) drought-tolerance HB4 EcoWheat technologies and Groupe Florimond Desprez's breeding expertise. Trigall Genetics will potentially own a majority stake in the new Australian firm. SANW's Australian wheat breeding activities would be owned and operated by Trigall Australia. Trigall Australia's activities would be based in New South Wales. Trigall Genetics aims to expand activities into regions facing climate change challenges, making Australia a priority development geography.
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S&W Seed, Trigall Genetics explore combining wheat operations in Australia