Suffolk-based seed specialist Grainseed Ltd has become a wholly owned subsidiary of leading agribusiness Nidera UK Ltd as of June 1st 2015.
The agreement will create opportunities for both parties and their customers, believes Nidera UK chief executive Mark Dordery.
“Our relationship with Grainseed stretches back more than 20 years and whilst Nidera’s main focus has been on the retailing of cereal seed, Grainseed’s specialism has been in maize, oilseed rape and herbage seeds.
“The agreement therefore represents an excellent strategic fit for both companies and allows us together to develop a strong product portfolio, expand our technical base and extend our geographic reach.”
Grainseed will keep its respected trading name, successful management team and brand names including Horizon Seeds, so customers will experience little change in day-to-day dealings with the company, Mark Dordery says.
“Short-term, it will be business as usual, but longer-term it is our intention to explore how we may work together in developing and investing in both businesses to deliver more to our collective customers in the future.
“The board of Nidera UK is delighted to have reached this agreement and looks forward to working with Grainseed to fulfil our joint objectives in the future.”
Grainseed chief executive Kevin Jordan says his team has ambitious plans for developing the business.
“We have enjoyed steady growth over many years and have successfully entered new sectors of the seed market, launched many top tier varieties and built a reputation for industry-leading technical knowledge and customer service.
“We believe strongly that the next stage of our development is to work as part of a larger business with all the additional human and financial resources that brings with it.”
Nidera offers the perfect partnership, he says.
“We are truly excited about the new era of Grainseed expansion this relationship offers and are confident it will allow us to stay at the leading edge of seed development and supply at a time when crop production is changing rapidly and growers are looking for so much more from their inputs.”
