Agrico, the potato cooperative, announced its intention to acquire the seed potato operations of The Potato Company (TPC), according to a press release. Agrico’s expansion aims to meet rising demand by increasing their land area and leveraging synergies to improve operational efficiency.
By acquiring TPC, the release notes that Agrico continues its path toward achieving growth goals in the shrinking seed potato market of Western Europe.
“This acquisition contributes to Agrico’s growth objective in Western Europe’s shrinking seed potato market,” said CEO Mark Zuidhof. “This allows us to focus even more strongly on the sales and development of monopoly varieties. TPC’s distribution network to more than 60 countries is also an excellent addition to our sales channels.”
The release states that TPC, was established almost 20 years ago and it has more than 450 hectares of seed potatoes, grown on a pool contract basis, and it is also very active in free trade. Aside from its significant acreage, TPC also has an effectively run distribution network for both its monopoly varieties and free trade varieties. TPC is accomplished at developing potato varieties with broad potato cyst nematode resistance.
