Major international investment set to boost South Africa’s agricultural sector

Major international investment set to boost South Africa’s agricultural sector

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In a landmark move expected to invigorate the South African agricultural landscape, US-based Sun World International has announced the acquisition of Biogold and Citrogold, two premium South African-based plant breeders’ rights management entities that currently form part of the The ANB Group .

This strategic merger will combine Sun World International's extensive expertise in deciduous fruit breeding with Biogold’s and Citrogold’s expertise in citrus and subtropical variety development. The union has the potential to significantly expand the availability of improved genetic plant material to growers and introduce innovative fruit varieties to global markets while positioning South Africa as a pivotal hub for fruit genetics and innovation.

A New Era in Fruit Genetics

David Marguleas, CEO of Sun World International, shared insights on this momentous occasion in an exclusive podcast interview. "This merger brings together two leaders in the genetics world," Marguleas stated. Sun World, renowned for its pioneering work in seedless grape varieties, now integrates Biogold’s citrus and subtropical crops expertise, creating a comprehensive collection of new genetics for fruit producers worldwide.

Significant Investment in South Africa

The acquisition highlights Sun World International’s commitment to South Africa, which will become one of the company's largest operational bases. The mango breeding programme, the world’s largest, will remain in South Africa, cementing the region's importance in Sun World International's global operations. "South Africa will quickly become one of our largest bases of operations and largest collection of employees globally," Marguleas emphasised, underlining the strategic significance of this investment.

Enhanced Genetic Offerings and Innovation

Biogold and Citrogold have been instrumental in commercialising citrus and subtropical crops, working with leading breeders globally. Their success with easy-peel mandarins, seedless lemons, grapefruit, oranges, mangoes, avocados, and macadamia nuts will now be integrated with Sun World’s operations. This merger holds the potential of streamlining variety branding, reducing confusion within the retail sector and offering consumers a diverse range of high-quality fruit options.

Continued Commitment to South African Agriculture

Sun World International’s history in South Africa started in 2001 when it established its very first international office at Paarl in the Western Cape Province. The company plans to consolidate operations in the Western Cape, where a new office space will be identified to combine local teams and Biogold’s personnel. This strategic move is a significant vote of confidence in the South African agricultural sector and promises to bring new opportunities and innovations to the sector.

Global Synergies and Future Prospects

The combined strengths of Sun World International, Biogold and Citrogold will offer exciting opportunities within the global fruit industry. Marguleas highlighted plans to leverage these strengths in marketing and branding, drawing from successful models like AUTUMNCRISP®, RUBY RUSH® and MIDNIGHT BEAUTY® within the table grape sector. The integration of Biogold’s extensive mango germplasm with Sun World International’s breeding efforts will position the company as a leading global mango supplier.

New opportunities for fruit growers

This merger also signifies a new chapter for fruit growers with improved offerings of enhanced genetic resources and innovative solutions. The collaboration these research teams will drive cross-functional work and collaboration, benefiting growers and consumers alike. "We're really proud of the fact that we bring delight to consumers and create more sustainable businesses for growers globally," Marguleas concluded.

Sun World International’s acquisition of Biogold and Citrogold is a significant international investment that will boost South Africa’s agricultural sector, enhance genetic offerings, and introduce innovative fruit varieties to global markets. This merger underscores Sun World International’s commitment to South Africa and promises a brighter future for fruit producers worldwide.