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The merger of Dümmen Group from Germany and Agribio Group from the Netherlands has resulted in formation of DNA Green Group.
The merger combines Agribio’s breeding technologies with Dümmen’s supply chain experience to produce a more complete portfolio with a unique international production and sales network, according to company reports.
The new company reportedly has approximately 6,000 employees worldwide and will realize $235 million in sales annually. The Dümmen family and management and H2 Equity Partners are the new company’s shareholders.
Dümmen and Agribio have stated that the merger is being driven by changes within the worldwide floricultural industry. Retailers are growing in importance and growers are consolidating, creating an environment that demands more value within the supply chain and improved ability to implement and capitalize on technological advances in breeding.
The new company has two divisions. The Agribio division will assume responsibility for cut flowers and pot plants, and the Dümmen division will oversee bedding plants and poinsettias. The new company plans to broaden offerings within current brands like Fides, Red Fox, Barberet & Blanc, Lex+ and Ecke, according to press reports.