Graines Voltz to acquire HILD Samen seeds business from BASF
Mar. 4, 2020
“This acquisition is fully in line with Graines Voltz’s strategic plan to develop our market share in the distribution of vegetable seeds throughout Europe,“ said Serge Voltz, CEO of Graines Voltz. “It is so far the largest acquisition carried out by our company. This allows us to continue moving up the value chain by acquiring a portfolio of high-quality seed varieties.” The acquisition, accretive for Graines Voltz, will be financed by the Group's available cash and by a bank loan.
“The divestment of the HILD Samen business allows us to focus on the establishment of a European competence center for organic seeds at the site facilities in Marbach and to increase the existing processing capacity in corn salad,” said Vicente Navarro, Senior Vice President of BASF’s vegetable seeds business.
Pending customary closing conditions, closing is anticipated in the second quarter of 2020.
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