Nirit Seeds and TomaTech Acquired and Merged at a Value of Over $60M
Nirit Seeds and TomaTech specialize in breeding vegetable seeds, primarily tomatoes. AP Partners Fund, a leading Israeli private equity fund, and Discount Capital (an investment house) acquired the two companies at a value of over $60 million with the aim of merging them and creating the largest Israeli vegetable breeding seeds company. The new company will benefit from significant synergies and unique R&D capabilities that will drive accelerated growth in the global vegetables markets. …