Dümmen has been acquired by Agribio Group
The German breeder and young plant producer Dümmen has successfully merged with Netherlands-based vegetation breeder and propagator Agribio Group to form DNA Green Group, with an annual turnover of US$228 million. The merger is in response to the rapidly changing business environment in the global floricultural industry. The Dümmen family, management and Agribio Group sponsor H2 Equity Partners are the new company’s shareholders.
Founded in the late 1960s, Dümmen has grown to be one of the leading young plant producers and breeders of bedding plants and poinsettias in the world. Its key markets are Europe and North America, with production facilities in Germany, Costa Rica, El Salvador, Ethiopia and Italy.
Agribio Group is active in 56 countries and trades over one billion cuttings per year. The group includes top breeding companies such as Fides, Ecke, Japan Agribio, Barberet & Blanc, Bartels Stek and Lex+.
Oaklins' teams in the Netherlands and Germany worked closely to provide the best possible M&A advice to Dümmen in this complex cross-border transaction.
Talk to the deal team
Frank de Hek
Dr. Florian von Alten
Managing PartnerHamburg, Germany
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