DLF Pickseed Canada to acquire Moore Seeds6 days ago -
DLF Pickseed Canada and Moore Seeds signed a letter of intent detailing that DLF Pickseed Canada will acquire Moore Seeds.
Moore Seeds, located in Debolt, Alberta, has significant market share presence in the Peace River
turfgrass and forage crop seed production area, with sales across the Canadian, U.S. and European export markets.
“DLF Pickseed Canada will provide strong management succession for Moore Seeds when I
retire in a few years,” says Raymond Walker, Moore Seeds president. “In the meantime, we are excited in becoming part of the DLF organization and seek synergies through their global leadership in market share and research and development.”
The acquisition remains subject to the satisfaction of closing conditions, and has an expected closing date in July 2017. The parties shall not disclose any financial details of the transaction.
“Moore Seeds represents a significant addition and a highly complementary fit for DLF Pickseed Canada,” says Rob Clark, DLF Pickseed president and CEO. “We are looking forward to working with Raymond and the Moore Seeds team who will continue as a separate entity operating as DLF Moore Seeds.”