Roskilde, Denmark
September 6, 2012
DLF-TRIFOLIUM A/S, the world's largest seed company in breeding, production and sale of clover and grasses has taken a 50% of the shareholding in the vegetable seed company Jensen Seeds A/S, headquartered in Odense, Denmark. With this venture the Danish seed business strengthens its global position as a provider of high quality seed.
The share acquisition gives DLF-TRIFOLIUM access to the leading vegetable seed company in Denmark, where Jensen Seeds A/S stands for quality production especially on spinach, with know-how of seed production and seed cleaning together with specialized equipment for seed processing. Jensen Seeds A/S expects a turnover of about DKK 100 Mill. in 2012/13 and the company employs 20 people.
Jensen Seeds in Odense.
"It is with great satisfaction that we have found a model where DLF-TRIFOLIUM becomes a shareholder in Jensen Seeds A/S. The co-operation gives us wider access to contract seed production in the segment of the best growers in Denmark, and we also meet our customers' long-term interest in maintaining a quality vegetable seed production in Denmark," says CEO in Jensen Seeds A/S, Henning van Veldhuizen.
"We are pleased to have been able to reach agreement on the share purchase in Jensen Seeds A/S. The acquisition is part of the Groups strategic goal to participate in vegetable seed production in Denmark," says the CEO of DLF-TRIFOLIUM A/S, Truels Damsgaard.
Jensen Seeds A/S will continue its activities and profile unchanged from management and employees. The share acquisition is part of a planned succession of the company,
Facts about Jensen Seeds A/S and the general market:
- Leading vegetable seed company in Denmark, market share more than 50%
- The company has 50 years experience and extensive expertise in production and processing vegetable, herb and flower seeds
- Net turnover (2012/13 estimate): DKK 100 Mill.
- 20 employees
- Main production: Hybrid spinach. Additonally several species of vegetable, herb and flower seeds are produced
- Denmark has a good climate for seed production
- Hybrid spinach is the dominant vegetable seed crop with approx. 5,000 hectares
- The Danish seed of hybrid spinach covers about 70-80% of the world production.
DLF-TRIFOLIUM is owned by 4.000 Danish grass seed producers, and has subsidiaries or sales offices in Denmark, Sweden, UK, Netherlands, France, Germany, Russia, Czech Republic, China, New Zealand, South America and the USA.
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