Florimond Desprez joins DLF in potato seed JV

The French plant breeding house Florimond Desprez has joined the Danish multinational seed business DLF in one of Northern Europe’s major potato breeding companies.

Florimond Desprez has acquired 49% of the shares in Danespo from the €8 billion Danish farm supplies co-operative DLG. IT will be an equal partner with DLF which already holds a 49% stake, with the 2% balance held by growers and employees.

Danespo, with its headquarters near Billund in central Denmark, breeds, multiplies and sells seed and ware potatoes. It has subsidiaries in France, Germany and the Netherlands.  It exports to more than 40 countries worldwide, with 80% of seed potatoes are sold in Europe, the Middle East and North Africa. The company supplies potatoes to the Scandinavian retail market under the Danespo Food brand.

Florimond Desprez already owns the French potato breeder Germicopa, which it bought in 2014. Germicopa material became available from last year in the UK and Ireland through Florimond subsidiary SESVanderHave (ATN July 24th 2015).

“Entering into this partnership confirms Florimond Desprez’s commitment to become an important player within the seed potatoes industry,” says company president François Desprez. “Joining forces with DLF enables our potato business to reach the critical size required to compete with the sector’s leading players.

“DLF and Florimond Desprez share the same vision of the seed industry. Together with the common entrepreneurship culture of Danespo and Germicopa, it lays strong foundations for a successful collaboration. We are looking forward to developing this partnership which will strengthen Danespo’s position in plant breeding, production, sales and marketing.”

For DLF, chief executive Truels Damsgaard adds: “The partnership between DLF and Florimond Desprez highlights the value, synergies and opportunities in our potato business.  Both have established strong platforms in the seed market. The two potato businesses, Germicopa and Danespo, complement each other well, and we look forward to developing our co-operation.”

Posted on February 16, 2016 and filed under Plant Breeding, Company News.