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Vilmorin acquired Link Seed
Jan. 14, 2013
After Brazil, China and India, Vilmorin has just passed a new milestone in the internationalization of its corn activities by acquiring the company Link Seed, based in Greytown (State of KwaZulu-Natal), South Africa.
This majority stake of 80% of the company's capital stock will enable Vilmorin to take up a lasting position on a promising future market where genetically modified seeds have already been very widely adopted by farmers. On the basis of this opportunity, Link Seed represents a top rate partner offering expertise on the local market, and highly specific genetic resources (corn and soybean). A quality research program and a well-implanted distribution network are also examples of the benefits of this family company with sales which should be close to ten million Euros in 2013, representing an estimated corn market share of 6%.
Moreover, Link Seed will be a key component of the development platform which, in the medium term, will be aiming at the emerging markets of South and East Africa.
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