Paris, February 2, 2016 – Vilmorin & Cie announced the take-over of Genica Research Corporation, a company specialized in research, breeding, production and distribution of hybrid vegetable seeds headquartered in Dixon, California (United States).
According to Vilmorin & Cie’s management, the acquisition was one of its most important research investments during the past few years and allowed the French listed vegetable seed producer (Euronext: RIN) to consolidate its position as world No. 2. Genica Research Corporation focuses on major crops (sweet and hot peppers, cucumber, tomato…) and has operational sites and breeding stations in the United States and in several European countries.
Vilmorin & Cie was assisted by Jeantet (Karl Hepp de Sevelinges, Partner, and Ruben Koslar, Associate, M&A), with regard to all European aspects of the transaction, and by the US firm Boutin Jones.