Syngenta Plans To Divest Its Premium Flowers Seeds Business

(RTTNews) - Swiss crop chemicals major Syngenta AG (SYT) said that it plans to divest its premium Flowers seeds business from its Lawn and Garden operating unit. No further details of the proposed divestment were provided.

The company noted that divestment would enable the new entity to play a leading role in the consolidation of the home gardening market, which is taking place in response to changes in the distribution and retail channels driven by shifts in consumer preferences.

Syngenta noted that it will continue to invest in its chemistry for professional products markets such as golf courses and industrial pest management.