Nidera acquires Grainseed to grow seeds business

Nidera UK has acquired Grainseed, the Suffolk-based seed specialist, to widen its seed portfolio. Grainseed become a wholly owned subsidiary of Nidera UK Ltd on June 1st 2015.

Grainseed is located at Eye in north Suffolk, where it has a state of the art seed dressing  plant capable of cleaning, processing and certifying seed of all the all major farm crop species. This volume includes early multiplication stocks, commercial seed stocks and farm saved seed for grower customers. The site also has the facility and expertise to produce seeds mixtures for herbage, game cover and arable silage crops.

The company acts as a UK agent for a number of European breeders, particularly ES oilseed and maize varieties from the Euralis plant breeding station in France.

Nidera UK is the domestic business of the Dutch multinational Nidera grain procurement and shipping operation that operates in 22 countries. It is also based in Suffolk, close to its Ipswich Grain Terminal, with satellite offices in Hampshire, Norfolk and East Yorkshire, the latter with a 22,000 tonne grain store. As well and being one of the UK’s major grain exporters, the company supplies fertiliser and seeds - mainly cereals, pulses and oilseeds - to farmer customers.

Nidera UK chief executive Mark Dordery says the deal will create opportunities for both parties and their customers. “Our relationship with Grainseed stretches back more than 20 years and whilst Nidera’s main focus has been on the retailing of cereal seed, Grainseed’s specialism has been in maize, oilseed rape and herbage seeds,” he notes.

“The agreement therefore represents an excellent strategic fit for both companies and together, will allow us to develop a strong product portfolio, expand our technical base and extend our geographic reach.”

The established Grainseed trading name and brands such as Horizon Seeds will be retained under the new ownership, with the business continuing to operate with the same successful management team. Customers will experience little change in their day-to-day dealings with the company, says Mr Dordery.

“Short-term, it will be business as usual, but in the longer-term we intend to explore how to develop and invest in both businesses, in order to deliver more to our collective customers in the future. The Nidera board looks forward to working with Grainseed to fulfil our joint objectives in the future.”

For Grainseed, chief executive Kevin Jordan says the deal with the larger company allows his company the resources and reach to see through his team’s ambitious plans for developing the business.

“We have enjoyed steady growth over many years and have successfully entered new sectors of the seed market, launched many top tier varieties and built a reputation for industry-leading technical knowledge and customer service,” he states. “We believe strongly that the next stage of our development is to work as part of a larger business with all the additional human and financial resources that brings with it.

“We are truly excited about the new era of Grainseed expansion this relationship offers. We are confident that it will allow us to stay at the leading edge of seed development and supply at a time when crop production is changing rapidly and growers are looking for so much more from their inputs.”

Posted on June 12, 2015 and filed under Company News, Grain Trading, Seeds.