Lindsay, Canada and Roskilde, Denmark
July 22, 2013

DLF-TRIFOLIUM A/S, the Danish world market leader in temperate grass and clover seed, and Tom Pick and Martin Pick have signed an agreement for the acquisition of Pickseed Canada and Pickseed USA, including Seed Research of Oregon, by the DLF-TRIFOLIUM Group.

Pickseed, founded in 1947, is a North American leader in the development, production and distribution of turfgrass and forage crops seeds. In addition, Pickseed is active in international markets. Pickseed employs 150 people and has a turnover of over 100 million CAD. Pickseed has eight locations including offices, warehouses, plants, research and distribution facilities across Canada and Oregon. Pickseed operates under the Pickseed, Mapleseed, Seed Research of Oregon and TurfOne brand names.

“We are very happy to announce the sale of Pickseed to DLF-TRIFOLIUM. We felt that it was important to sell to an entity that would have a good cultural fit with Pickseed. We are confident that DLF-TRIFOLIUM as a dedicated turfgrass and forage crop seed company will be able to carry forward and develop the Pickseed business and legacy,” says Tom Pick and Martin Pick.

“The addition of The Pickseed Companies Group is a major strategic step forward for the DLF-TRIFOLIUM Group,” says Truels Damsgaard, CEO. “Pickseed is a true turfgrass and forage crop seeds company, and it has a strong organization with dedicated employees. We have a common understanding of the products and everything entailed in this segment of the seeds industry. We are looking forward to developing the Pickseed business in North America, and to further develop a strong platform to promote DLF-TRIFOLIUM forage products in Canada, and to bring the Pickseed product potential through the DLF-TRIFOLIUM global network,” says Truels Damsgaard.

The acquisition remains subject to the satisfaction of closing conditions, and has an expected closing date in August 2013. The parties shall not disclose any financial details of the transaction.

The DLF-TRIFOLIUM Group is a market leader in the research, development, production and distribution of turfgrass and forage clover and grass seed. DLF-TRIFOLIUM is owned by 4,000 Danish grass seed growers and has subsidiaries or sales offices in Denmark, Sweden, UK, Netherlands, France, Germany, Russia, Czech Republic, China, New Zealand, South America and the US. DLF-TRIFOLIUM employs 650 people and has a turnover of 335 million Euro.

Website: http://www.dlf.com/

Published: July 22, 2013