Sector News

KWS sells seed potato business to Stet Holland

April 19, 2016
Food & Drink

KWS has announced that it will be selling its conventional seed potato business to Stet Holland B.V. The agreement was signed on April 11, 2016 and is expected to be completed by mid-2016.

The KWS Group’s seed potato business is steered by its subsidiary KWS POTATO B.V., which is based in Emmeloord, the Netherlands. Varieties and potato breeding material dedicated to French fries, crisps and table potatoes for traditional export markets are to be sold to Stet Holland BV, a Dutch company also based in Emmeloord.

“The future owner Stet Holland is positioned for a successful continuation of our conventional potato business while KWS will fully focus its efforts in potato utilizing its resources and know-how as a breeder to develop hybrid varieties,” noted Peter Hofmann, member of the Executive Board of KWS SAAT SE. “Hybrid breeding in potato and multiplication via seed instead of tubers is an entirely new but highly promising approach that has considerable advantages compared to conventional breeding. We have been working in this innovative field since 2011 and have achieved significant progress in the meantime.” Hofmann added.

Peter Ton, General Manager of Stet Holland commented on the acquisition, “KWS’ seed potato business is an excellent fit for Stet as the markets for the current KWS and Stet varieties are very complementary to each other. Taking over KWS’ variety portfolio, seed potato production, and sales channels will enable us to create synergies and gain presence in key markets and specific processing segments. KWS’ varieties, breeding material and expert employees, combined with a good customer base, will help us to strengthen Stet’s position in the seed potato market.”

Both parties have agreed not to disclose the financial terms of this transaction.

KWS will continue its hybrid potato breeding activities under the roof of KWS POTATO B.V. The breeding station in Emmeloord, the Netherlands, is an important part of KWS’ global research network and offers excellent conditions for these activities.

Source: Fresh Plaza

Related News

July 31, 2021

India’s United Breweries becomes part of the HEINEKEN group

Food & Drink

Heineken announces that, following United Breweries Limited’s (UBL) annual general meeting on 29 July 2021, it has obtained control of UBL in India.

July 31, 2021

Ferrero reaches 100% sustainable sugarcane sourcing

Food & Drink

Collaboration has been a vital driver of Ferrero’s sustainability journey, and the company has developed long-standing partnerships with trusted suppliers.

July 31, 2021

NovoNutrients nets US$4.7M for converting CO2 emissions into protein using microbial fermentation

Food & Drink

NovoNutrients is making moves to scale its process that uses industrial carbon dioxide emissions, cheap hydrogen and naturally occurring microbes to create high-grade proteins for human and animal consumption.

Send this to a friend