DLF and Zaad set up new Joint Venture in South Africa

Date:06-20-2017

DLF Seeds A/S (“DLF Seeds”) and Zaad Holdings Limited (“Zaad”), announced today that they have formed an alliance and agreed to enter into a joint venture, which shall be effective from July 1, 2017 (“Joint Venture”). The Joint Venture shall be known as DLF Seeds (Pty) Ltd.

The objective of the Joint Venture is to expand the marketing and sale of temperate forage, turf grass, clover and alfalfa seed to wholesale customers in the Southern African market by introducing superior genetics and solutions through local testing and technical support.

With the Joint Venture serving as sourcing and supply vehicle, Zaad will continue to distribute and market forage and turf grass seed through its well established Agricol and K2 Klein-Karoo Seed Marketing brands and DLF will continue to serve its wholesale clients.

Truels Damsgaard, CEO of DLF Seeds, commented: “We are looking forward to grow our seed business in Africa with Zaad being a strong partner, not only in South Africa but also in other neighboring African countries. Our new joint venture is a market leader in forage and turf grass seed and holds a strong portfolio, combining the best products from DLF and Zaad.”

Antonie Jacobs, CEO of Zaad said: “With DLF's dedication and commitment to forage and turf grass seed, our new joint venture will provide access to the latest developments from DLF global research programs and will enable distribution of high quality forage and turf grass seed through our global sales network.”

About Zaad:
Zaad operates in the specialised agri-inputs industry and currently owns, develops, imports and distributes a broad range of agri-seeds in Africa, Europe, Middle East and other international markets. The specialised agri-inputs market, and in particular the seed segment in Africa, remains attractive and Zaad is well positioned to benefit from growth opportunities that it offers. Through its extensive sales channels, Zaad and its subsidiaries distribute seed to 28 African countries and has subsidiaries and/or affiliated companies in South Africa, Mozambique, Zambia, Zimbabwe, and Angola. To learn more, visit www.agricol.co.za, www.seedmarketing.co.za, www.bakkerbrothers.co.za, www.mayseed.com