Sakata Seed Corporation Acquires Daehnfeldt, LLC.

Morgan Hill, California
September 1, 2003

Sakata Seed America, Inc. is pleased to announce that as part of acquisition of the flower division of L.Daehnfeldt A/S, Denmark by Sakata Seed Corporation, Japan, Sakata Seed America, Inc. will acquire operations and all assets of Daehnfeldt’s US entity, Daehnfeldt Inc., North Manchester, Indiana. The acquisition transfer date will be complete on August 29, 2003 and the books will close on that day.  Please be advised that September 1st is a U.S. holiday, so the first business day of new ownership will be September 2, 2003. 

To make this transfer process go as smoothly as possible, Daehnfeldt’s U.S. operation will be managed by Joe Messer, under the direction of Sakata Seed America.  Please continue to work with your current customer service representatives at Daehnfeldt until further notice.  The current staff will continue to operate the business as usual, only under the “Sakata” company name.

The integration of Daehnfeldt and Sakata products will strengthen Sakata’s ability to provide high quality products and customer service to the floral industry.

Sakata Seed America, Inc. is located in Morgan Hill, California.  The company provides high quality flower and vegetable seed.

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