Advanta To Strengthen Market Presence in Africa with Strategic Acquisition of Hytech
Detailed summary
LONDON, CAIRO and DUBAI, Nov. 14, 2026 /PRNewswire/ -- Advanta had entered into an agreement on August 15, 2026 to acquire Hytech Egypt USA LLC, the holding company of Misr Hytech…
LONDON, CAIRO and DUBAI, Nov. 14, 2026 /PRNewswire/ -- Advanta had entered into an agreement on August 15, 2026 to acquire Hytech Egypt USA LLC, the holding company of Misr Hytech Seed International S.A.E. ("Misr Hytech" or the "Company"), from Helios Investment Partners ("Helios") and The Egyptian-American Enterprise Fund ("EAEF") which is advised by Lorax Capital Partners. The transaction has received antitrust approvals from the COMESA Competition and Consumer Commission and the Egyptian Competition Authority and is expected to close on or before January 31, 2027, subject to the satisfaction of the customary closing conditions.
Founded in 1993, Misr Hytech is a leading breeder and producer of proprietary agricultural seeds in Egypt. The Company develops and produces high-quality hybrid seeds across white corn, yellow corn, sorghum and vegetables seeds, and holds the leading market position in Egyptian white corn and sorghum seeds and is a major supplier of yellow corn seeds. Backed by advanced breeding capabilities, proprietary germplasm and integrated production infrastructure, the Company's products reach is approximately 450,000 farmers across Egypt, supported by a network of more than 400 contract production growers.
The acquisition of Misr Hytech represents a significant strategic step for Advanta, establishing an immediate leadership position in Egypt and creating a strong platform for further growth across the Middle East and Africa. Misr Hytech's established portfolio of proprietary maize and sorghum hybrids, local breeding capabilities, production network and deep relationships with farmers and distributors are highly complementary to Advanta's global R&D, product portfolio and commercial reach.
As part of Advanta, Misr Hytech will retain the local capabilities and relationships that have underpinned its success, while gaining access to broader germplasm, research expertise, seed technologies and regional market opportunities.
Mr. Jai Shroff, Chairman and…
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