CHICAGO--(BUSINESS WIRE)--Chromatin, Inc., a global agriculture technology company focused on sorghum, today announced it has finalized its acquisition of Majestic Semillas, a sales and distribution network serving Mexico. This acquisition marks Chromatin’s latest investment in acquiring channels for the company’s growing portfolio of high quality sorghum seed products.
Majestic Semillas (formerly Marathon Ag Services) has developed a strong market and brand presence throughout Mexico — one of the most important sorghum-producing regions in the world. Under Chromatin’s leadership, the company has expanded its sales force and portfolio offerings and has introduced new products that provide a strong yield advantage, including some that thrive despite the presence of sugarcane aphids, a pest that is threatening Mexico’s sorghum crop.
“Chromatin has recently raised capital to finance its operating expansion,” said Chromatin CEO Daphne Preuss. “As we leverage our product portfolio and the Majestic Semillas team, facilities and brand, we anticipate significant market share gains in a region that accounts for over ten percent of global sorghum production.”
“For producers in Mexico, sorghum is of utmost importance with a market that is increasing,” said Sr. Collantes, President of the Confederation of Agricultural Associations in the State of Sinoloa (CAADES). “Sorghum’s ability to grow in both irrigated and dryland areas, providing grain and forage, helps guarantee a supply of food and livestock feed. Because it is a crop with less demand for water and a shorter time for production, it creates a tremendous economic opportunity for Mexico’s growers. ”
“Chromatin has expanded its sorghum sales to over 40 countries,” said Charles Miller, Chromatin’s Vice President, Business Development and International Sales. “Our latest acquisition provides a ready channel for Chromatin’s market leading sorghum technology.”
About Chromatin, Inc.
Chromatin
Inc. is a rapidly growing global company that is 100 percent focused on
sorghum. It provides high quality sorghum seeds to growers and producers
who are attracted to the crop’s rapid maturation, tolerance to heat,
cold and drought and high yields. Chromatin has an industry-leading
management team that is inventing, developing and implementing sorghum
innovations, and reshaping the sorghum market through multiple channels
around the globe. For more information on Chromatin, visit www.chromatininc.com.
