Florexpo managing director Fernando Altmann said: "We feel fortunate to become part of a larger, global, and professional organisation. Long term, this will offer security in quality for our valued customers."
During autumn 2015, Dümmen Orange will start up production of perennials at its Guatemala farms. The transition of production of all Florexpo products will be finalised by April 2016. Florexpo's key management will relocate to this new production location.
Perry Wismans, managing partner at Dümmen Orange, said:. "In its long history, Florexpo has built a good assortment, an outstanding sales network and a professional team of employees. It is a company with a great heritage that fits the family-based heritage of Dümmen Orange. With this move, Dümmen Orange takes the next step in realizing its growth strategy – aimed at creating synergies in technology, production and sales.
"We strengthen our position in perennials in North America significantly, but also in Europe and Asia. The succulent program also is an attractive niche for us. The acquisition will add value in the first year. The Dümmen Orange strategy is based on four pillars of growth. One of these pillars is 'buy and build'. Because of size and synergies, this can be called a 'sweet spot' acquisition."
Florexpo produces unrooted cuttings and is based in Paraiso, Costa Rica. Florexpo was founded in 1988. In 2009 the company became one of the top ten cuttings producers in the world. Florexpo is a partner to many internationally recognised breeders, and produces more than 100 million cuttings for customers across North America, Europe, Asia and the Middle East, which results in a turnover of more than €9 million.
Dümmen Orange is a company in breeding and development of cut flowers, potted plants, bedding plants and perennials. Turnover in 2014 was €165 million. The company employs more than 6,000 people worldwide.