The new entity aims at being a strong and innovative player in the sugar beet sector.
DLF Seeds A/S and Groupe Florimond Desprez entered into an agreement to bring their sugar beet seed, fodder beet and industrial chicory business and R&D activities to a Joint Venture, according to a new release.
“This strategic move is rooted in our shared vision of securing a strong position through the delivery of an advanced and differentiated product portfolio and creating value for farmers and the sugar beet industry. The united entity will become a top player in the global sugar beet and fodder beet market.” said Søren Halbye, CEO of DLF Seeds A/S.
“Our two sugar beet seed activities are very complementary both in terms of plant breeding and seed supply chain. These complementarities will give us additional strength to enable the agroecology transition and support beet growers in adapting to climate change,” said François Desprez, President of Groupe Florimond Desprez.
The establishment of the Joint Venture is currently subject to regulatory approval. Practical changes to day-to-day operations will be deferred until the completion of the process. During the interim period leading up to the anticipated Joint Venture effective date of July 1, 2024, it is crucial to note that the operations of DLF Beet Seeds and the Beets & Chicory business unit of Groupe Florimond Desprez will remain independent and unchanged.
