DGAP-News: KWS SAAT AG: Van Rijn - KWS B.V. becomes KWS POTATO B.V. / KWS strengthens potato breeding activities
(firmenpresse) - DGAP-News: KWS SAAT AG / Key word(s): Mergers&Acquisitions
KWS SAAT AG: Van Rijn - KWS B.V. becomes KWS POTATO B.V. / KWS
strengthens potato breeding activities
21.03.2011 / 12:24
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(Einbeck, 21.3.2011/Nr. 17/ho) The two partners of the international
company for seed potatoes van Rijn - KWS B.V. have decided that KWS will
take over the 50% shares of van Rijn as of April 1st, 2011. KWS will
intensify its activities in breeding, production and marketing of seed
potatoes and form a 100% subsidiary, KWS POTATO B.V., located in
Emmeloord/The Netherlands. Van Rijn will concentrate its activities on the
core business: production, storage, logistics and international trade of
ware potatoes, fruits and vegetables.
On July 1st, 2008 KWS and van Rijn established a worldwide 50:50 Joint
Venture which has been active in breeding, production and marketing seed
potatoes for the global market. 'We will go on to cooperate on a trustful
and open basis and look for opportunities to realize synergies between our
companies also in future,' the CEO of van Rijn, Aad van der Windt,
mentioned after the negotiations were completed. 'After three years of
fruitful cooperation and a successful set up of the Joint Venture we have
decided to concentrate on our core competencies for KWS, breeding and for
van Rijn, trading,' Peter Hofmann, Head of KWS Sugar Beet and Potato
Division, added.
KWS will form a 100% subsidiary named KWS POTATO B.V. as a Dutch company
and relocate the headquarters from Poeldijk to Emmeloord, The Netherlands.
Emmeloord is already the existing breeding center of van Rijn - KWS. KWS
will use its global network of research and breeding stations, its close
connection to farmers and international sales force to intensify the potato
activities within the next years. In fiscal year 2009/2010, the turnover of
the Joint Venture amounted to approx. 25 mill. EUR. Both partners have
agreed not to disclose the purchase price of the 50% stake.
Aad van der Windt, the current CEO of van Rijn - KWS, will step down as per
March 31st, 2011. The new CEO will be nominated by KWS.
Van Rijn is a long-term oriented, independent, privately owned Dutch
company, rich in tradition with international commercial activities in ware
potatoes, fruits and vegetables in more than 60 countries. Van Rijn has
existed for more than 150 years. KWS is an independent, world-leading,
innovative seed company. For more than 150 years, KWS' core business has
been breeding, production and sales of seed for agricultural crops of the
temperate climatic zones. Today, KWS has got activities in close to 70
countries and focuses its activities on sugar beet, maize, cereals, oil-
and energy crops.
Contact person:
Dr. Henning von der Ohe
Tel.: +49 (0)55 61 / 311-245
h.vonderohe(at)kws.com
End of Corporate News
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21.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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Language: EnglishCompany: KWS SAAT AG
Grimsehlstraße 31
37574 Einbeck
Deutschland
Phone: +49 (0)5561 311-0
Fax: +49 (0)5561 311-322
E-mail: info(at)kws.com
Internet: www.kws.de
ISIN: DE0007074007
WKN: 707400
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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116248 21.03.2011
Datum: 21.03.2011 - 12:24 Uhr
Sprache: Deutsch
News-ID 33522
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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