GDM acquires AgReliant Genetics and expands operations in North America

GDM has reached an agreement to acquire 100% of AgReliant Genetics, which markets corn and soybean seeds in the United States and Canada. The transaction is subject to approval by regulatory agencies. According to the press release, the deal makes GDM the fourth largest provider of corn genetics in the world.

AgReliant operates in the United States under the AgriGold and LG Seeds brands, and in Canada under the Pride Seeds brand. Founded in 2000 as a joint venture between KWS and Limagrain, the company has one of the largest corn gene banks in North America and the fourth largest corn research program in the world. It also offers sorghum and alfalfa seeds.

With the integration, GDM will operate a combined genetics platform, adding global expertise and innovation to AgReliant's consolidated presence in the North American field. The acquisition includes the rights to corn germplasm. The expectation is to expand the offer of solutions for producers with a more robust and differentiated portfolio.

Ignacio Bartolomé, CEO of GDM, said that the transaction marks an important step forward in the company's growth strategy in North America. According to him, the merger will allow it to drive innovation and increase performance in the field, benefiting producers and partner companies.

Brian Barker, current CEO of AgReliant, will assume leadership of GDM’s North American operations upon completion of the acquisition. Philip Chandler will continue to be responsible for GDM’s legacy business in the United States.

Completion of the deal is subject to regulatory approvals in the United States, including from the Federal Trade Commission (FTC) and the Department of Justice, as required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Until then, GDM and AgReliant will maintain their independent business structures and routines.