By Jamie Martin
GDM, a global plant genetics company focused on empowering farmers, has announced it has successfully completed the acquisition of all shares in AgReliant Genetics. This acquisition marks a major development in GDM’s growth strategy for the North American market, creating a powerful new force in the agricultural industry.
The acquisition combines AgReliant's strong position in corn breeding and genetics in the United States with GDM’s global scale and reputation for innovation in row crop genetics. This merger allows GDM to provide North American farmers with more innovative and valuable options for their crops.
“Today marks a transformative moment in the history of our company and journey in the North American market,” said Ignacio Bartolomé, chief executive officer (CEO), GDM. “By welcoming AgReliant into the GDM family, we are creating a North American agricultural powerhouse poised to offer farmers an unmatched portfolio of high-performance seed solutions in soybeans and corn.”
This deal significantly expands GDM’s presence in North America. The combined entity now includes GDM's top soybean genetic licensing business and its brands like DONMARIO and Mustang, as well as AgReliant's popular brands, which include AgriGold, LG Seeds, and PRIDE Seeds. This partnership also gives GDM access to one of the world’s largest collections of temperate corn genetics and the fourth-largest corn research program in North America.
With this transaction, GDM reinforces its position as the global leader in soybean genetics and moves up to become the fourth-largest provider of corn genetics worldwide. Brian Barker, who was the CEO of AgReliant, will now serve as GDM’s North American President.
“Today marks a powerful step forward as we unite under a shared purpose – to be exceptional partners to our customers and advance agriculture in a way that consistently drives higher seed and yield performance,” said Barker. “Together, we are building a more powerful, innovative and integrated portfolio of seed solutions that creates more choice, more value and greater yield potential to North American growers.”
Both companies are united in their purpose to be excellent partners to their customers and to advance agriculture by consistently driving higher seed and yield performance. This merger is a testament to the companies’ shared commitment to providing more choice and greater value to farmers.
Photo Credit: gettyimages-shotbydave
Categories: National