Deutsche Saatveredelung AG (DSV), a Germany based seed breeding and trading company, and Northstar Seed Ltd., a Canadian seed multiplication company, announced today that the signing to take over 100% of the shares of Northstar Seed by DSV took place on April 07. The completion of the deal is subject to closing, which is expected within the coming months.
The purchase price was not disclosed.
“We are delighted that with this strategic take-over, we can further secure our seed supply from North America and Canada,” DSV board members Clive Krückemeyer and Eike Hupe said.
“With this strategic acquisition, we are able to enrich our portfolio with new genetics, including alfalfa, to serve our customers worldwide even better,” the board says. “Through this acquisition, DSV will not only be managing its own seed multiplication areas in Canada and North America, but also gaining access to the Canadian as well as the North and South American retail market, thus enlarging its footprint into the Americas significantly.”
With DSV becoming the new shareholder of Northstar Seed Ltd., Northstar is confident it can expand its business worldwide — a true win-win situation for both companies,” said Don Pollock and Rob Wolfe, founder and managing director of Northstar Seed.
Deutsche Saatveredelung AG (DSV) is one of the leading plant breeding and seed companies in Germany with an annual turnover of more than €210 million. Its range of services extends from research and breeding, through production, processing and distribution of seeds, to competent advice on-site. More than 700 employees work for DSV in Germany and abroad.
Northstar Seed is a Canadian seed company that serves markets at home and around the world. They specialize in the production, marketing and distribution of forage, turf, cover crops and native grass seed, as well as leafcutter bees and equipment.
