PR - Danespo in a new strong international owner-structure
Florimond Desprez is acquiring 49% of the shares in Danespo from DLG and will together with DLF, who holds another 49% of the shares in Danespo, form the new strong owner-structure behind Danespo A/S. The remaining 2% are owned by growers and employees.
Florimond Desprez is an independent family-owned company founded in the North of France in 1830. Today the company is a world leader in the sugar beet seed industry and is one of the leading European breeders of small grain cereals. Florimond Desprez has a worldwide network of daughter companies and partnerships. The mission is to harness genetic resources to create new high-yield varieties within their businesses – sugar beet, cereal and potatoes. In 2014 Florimond Desprez acquired the French seed potato company Germicopa and now 49% of the shares in Danespo.
Chairman of the board in Danespo and CEO of DLF, Truels Damsgaard says: - We have had a good partnership with DLG about Danespo and exploited the synergies in this respect. Florimond Desprez is an international company with focus on breeding, which highly matches Danespo’s strategy for the future and we expect a lot from the cooperation with the French. It will strengthen our international drive and market position, and we will harvest market synergies for the benefit of the Danish growers as well as for the owners.
- It is important for a company to have the right owners, CEO of Danespo, Steen Bitsch says - Florimond Desprez is right in this respect. We have had a good impression of Florimond Desprez during the acquisition process and see lots of possibilities for cooperation with Germicopa. DLF will ensure the Danish rooting, but we are working in an international world where the rate of success is directly proportionate to the ability of developing new unique varieties. With Florimond-Desprez in the owner-structure we will get access to modern breeding facilities which will strengthen the breeding platform – we have great expectations for the future.
Danespo is breeding, producing and trading seed and ware potatoes. 80% of the seed potatoes are exported to North Africa, the Middle East and the European coutries whereas the ware potatoes are sold to the home market and the other Scandiavian coutries under the brand of Danespo food. Danespo has subsidiaries in Germany, Holland and France.
CEO in Danespo A/S, Steen Bitsch, mobile +45 2049 2175