Brief: S&W Seed Company To Acquire Australian-Based Pasture Genetics

S&W Seed Co

18/02/2020 13:52

Feb 18 (Reuters) - S&W Seed Co  SANW.O :
    * S&W SEED COMPANY TO ACQUIRE AUSTRALIAN-BASED PASTURE
GENETICS
    * S&W SEED CO - OVERALL TRANSACTION IS VALUED AT UP TO USD
$13.5
MILLION
    * S&W SEED CO - ANTICIPATES THAT IT CAN REALIZE A NUMBER OF
SYNERGIES AS IT COMBINES PASTURE GENETICS AND S&W'S EXISTING
AUSTRALIA OPERATIONS
    * S&W SEED CO - IN FISCAL YEAR 2019, PASTURE GENETICS HAD
REVENUE
OF APPROXIMATELY USD $20 MILLION
    * S&W SEED CO - GOING FORWARD, S&W EXPECTS TO GENERATE
APPROXIMATELY 8% TO 10% EBITDA MARGINS FROM NEWLY ACQUIRED
BUSINESS
    * S&W SEED CO - ANTICIPATES THAT IT WILL BE ABLE TO ACHIEVE
COST
SAVINGS IN OPERATIONS AND ADMINISTRATION AS IT INTEGRATES
BUSINESSES

Source text for Eikon:  ID:nPn1tqjx6a 
Further company coverage:  SANW.O 

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