February 17, 2016
Chromatin, Inc., a global agriculture technology company focused on sorghum, announced Feb. 16 that it has finalized its acquisition of Majestic Semillas, a sales and distribution network serving Mexico.
Majestic Semillas (formerly Marathon Ag Services) has developed a 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.
Mexico accounts for about 10% of global sorghum production. (Photo: Sorghum Checkoff)
“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 10% 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. ”
Source: Chromatin
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