Land O’Lakes Makes First Commercial Investment in Africa
Land O’Lakes Inc. and Villa Crop Protection of South Africa today partner to capitalize on the growth potential of the South African agricultural market.
The two organizations are joining two complementary portfolios of productivity-enhancing crop input products and services to help all sizes of farms sustainably improve their yields. This is Land O’Lakes’ first commercial investment in Africa and reflects the cooperative’s accelerated growth in its international business.
With the deal, Land O’Lakes, through its South African subsidiary, assumes a 52.5 percent ownership stake in Villa Crop Protection. The existing Villa Crop Protection management team will continue to lead the business. People and product expertise from Land O’Lakes’ crop inputs business Winfield Solutions LLC will support and assist existing operations.
More information is available here: http://www.landolakesinc.com/utility/news/company/ECMP2-0189173