Vilmorin & Cie has just finalized the full take-over of the company Genica Research Corporation (United States), which is headquartered in Dixon, California. Specialized in research, breeding, production and distribution - by delegation - of hybrid vegetable seeds, Genica Research Corporation is focused on major crops: sweet and hot peppers, cucumber, summer squash, along with tomato, eggplant, melon and watermelon.
It has operational sites in the United States (California and Florida), in Spain and in Italy, and also several breeding stations within these geographical zones.
Created in 1999 and held by several of its managers, Genica Research Corporation today employs around 50 permanent staff, nearly half of whom are dedicated to research and development. In 2015 the company posted sales of more than 25 million dollars.
"The acquisition of Genica Research Corporation totally fits in with the strategy of our Vegetable seeds activity, aiming to reinforce our solid position as No. 2 worldwide.
It will provide us with access to complementary, high quality proprietary genetic resources and a rich, promising pipeline of products. Furthermore, its highly experienced team of breeders is a major advantage for this company, which has experienced sustained dynamic growth over more than ten years.
Genica Research Corporation will integrate our operational organization: the American activities will join the HM.CLAUSE Business Unit and the European activities the Vilmorin Business Unit.
Through this targeted external growth operation we will be able to strengthen our market shares considerably for key crops and territories", Emmanuel Rougier, CEO Delegate of Vilmorin & Cie, declared.
You can consult a presentation dedicated to the acquisition of Genica Research Corporation on the website www.vilmorin.info
| COMING DISCLOSURES Monday March 7, 2016(1): sales and results for the first semester 2015-2016 Wednesday April 27, 2016(2): sales at the end of the third quarter 2015-2016 (1) Disclosure before trading on the Paris stock market (2) Disclosure after trading on the Paris stock market FOR ANY FURTHER INFORMAtION : Daniel JACQUEMOND Chief Financial Officer daniel.jacquemond@vilmorin.info Valérie MONSÉRAT Head of Financial Communication and Investor Relations valerie.monserat@vilmorin.info Clémence DATURI Financial Communication Officer and Individual Shareholder Relations clemence.daturi@vilmorin.info Tel: + 33 (0)4 73 63 44 85 Website: www.vilmorin.info Vilmorin & Cie develops vegetable and field seeds with high added value to better meet global food requirements. Accompanied by its reference shareholder, Limagrain, an international agricultural cooperative group, Vilmorin & Cie is currently the fourth largest seed company in the world. True to its vision of sustainable development, Vilmorin & Cie relies on ongoing investments in research and international growth to strengthen its market shares. An ambition that is driven by its corporate culture which is based on the sharing of knowledge, quality of life and respect for the needs of mankind. |
