S&W Seed Company (NASDAQ: SANWU) Completes Aquisition of S&W Company Partnership

S&W Seed Company, founded in 1980, is a leader in the market for salt and heat tolerant, non-dormant varieties of alfalfa seed, including varieties that can thrive on poor, saline soils. In 2010, the company launched a pilot program to produce stevia leaf, the source of an all natural, non-caloric sweetener. Headquartered in Five Points, California, S&W owns a 40 acres alfalfa seed cleaning and processing facility, and it plans to increase the utilization of it as it is currently operating at less than 20% capacity. A large percentage of its sales are to a distributor who sells to foreign end users, principally in Saudi Arabia.

Today, it has completed its purchase of the S&W Seed Company, a California general partnership. This part was the 15% of the general partnership not already owned by Seed Holding, LLC, its wholly owned subsidiary. Consequently, the general partnership has ceased to exist, and the business and property of the partnership is now wholly-owned and operated by S&W Seed Company and its subsidiary. Matt Szot, Chief Financial Officer, commented “We are pleased to own 100% of the business and we look forward to executing on our strategic initiatives.”