Advanta India Ltd has announced that the Company, through its subsidiaries has acquired 100% business of GARRISON & TOWNSEND, LP, (GT) Hereford, Texas, USA for a consideration of USD 10.5 million.
GT has strong presence in Grain Sorghum about 32% of its revenue, forage sorghum, BMR sorghum and Sorghum Sudan about 67% of its revenue. The fiscal year 2007, GT achieved a sale of about USD 11 million. This acquisition bolsters the Companys presence into Sorghum in USA in particular and strengthens the Advantas presence in sorghum world wide, in general.
GT is a hybrid gain and forage sorghum research, production, conditioning marketing and selling Company. Its products are marketed throughout the United States as well as in Italy, Israel, Pakistan, Mexico, Central America, South America and Japan. Ten largest customers of GT contribute about 60% of its revenue.
GT is efficiently operated with 27 full-time employees with additional hands and contractors during peak production and processing season.
GT has strong presence in Grain Sorghum about 32% of its revenue, forage sorghum, BMR sorghum and Sorghum Sudan about 67% of its revenue. The fiscal year 2007, GT achieved a sale of about USD 11 million. This acquisition bolsters the Companys presence into Sorghum in USA in particular and strengthens the Advantas presence in sorghum world wide, in general.
GT is a hybrid gain and forage sorghum research, production, conditioning marketing and selling Company. Its products are marketed throughout the United States as well as in Italy, Israel, Pakistan, Mexico, Central America, South America and Japan. Ten largest customers of GT contribute about 60% of its revenue.
GT is efficiently operated with 27 full-time employees with additional hands and contractors during peak production and processing season.
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