The Canadian arm of one of the world’s top forage seed players plans to expand its space in the Peace region with a deal for forage and turfgrass seed dealer Moore Seeds.
DLF Pickseed Canada announced April 21 it has a letter of intent in place to buy Moore — based at Debolt, Alta., about 50 km east of Grande Prairie — for an undisclosed sum.
Moore has “significant” market presence in the Peace region’s turfgrass and forage crop seed production area, buying, processing and retailing. Moore sells domestically and exports into the U.S. and Europe, Pickseed said in a release.
Moore “represents a significant addition and a highly complementary fit for DLF Pickseed Canada,” DLF Pickseed CEO Rob Clark said in the same release.
The deal is expected to close in July, after which Moore would “continue as a separate entity operating as DLF Moore Seeds,” he said.
“I feel that DLF Pickseed Canada will provide strong management succession for Moore Seeds when I retire in a few years,” Moore Seeds president Raymond Walker said in the same release.
In the meantime, he said, Moore expects to seek “synergies through (Pickseed’s) global leadership in market share and research and development.”
DLF Pickseed Canada is the Canadian arm of Danish seed grower co-operative DLF, which has owned Pickseed since 2013. — AGCanada.com Network