Limagrain has finalized the acquisition of the Danish company AdvanSeed
Aug. 7, 2018
Founded in 2005, for the past few years AdvanSeed has been developing its business very fast. Present commercially in 23 countries (mainly in Asia, the Middle East, South America and Europe), the company made sales in 2017-2018 of around 3 million euros.
Through this acquisition, Vilmorin & Cie has complemented its product portfolio, with a new business position for spinach, a crop which it has not worked on until now, and has thus strengthened its global presence in leafy vegetables. Moreover, this targeted external growth operation will allow Vilmorin & Cie to capitalize on the genetic resources of AdvanSeed, exploiting them in the main commercial basins, particularly in California, Europe, China and Japan.
The company AdvanSeed will be operationally integrated into the Vegetable Seeds Business Unit Vilmorin-Mikado.