Lindsay, Ontario, Canada
June 23, 2008
FarmPure Inc., owner of
FarmPure Seeds, Inc.
(FarmPure) and the Pickseed
Companies Group (Pickseed) are pleased to announce a letter
of intent for the sale of FarmPure to Pickseed.
FarmPure will operate as part of Pickseed’s Wholesale and
Western Operations business unit under the leadership of Terry
Ewacha. The transaction includes the FarmPure’s forage crop and
turfgrass seed business facilities located in Nipawin,
Saskatchewan, the retention of all full time employees, and the
continuation and assumption of all related trade and grower
contracts.
Robert Clark, President and Chief Executive Officer for The
Pickseed Companies Group said, “Pickseed is excited about having
a direct presence in Saskatchewan to enhance grower and customer
relationships and opportunities. The acquisition of FarmPure
represents a significant expansion of Pickseed conditioning
capacity, in support of longer term market share objectives.”
The Pickseed Companies Group is a leader in the development,
production and distribution of turfgrass and forage crop seeds.
Since its beginning in 1947, Pickseed has built a trusted and
proven reputation for quality, agronomic advice and a commitment
to research and technology. Pickseed currently has locations
across Canada, Oregon and Arizona and operates under the
Pickseed, Mapleseed, Seed Research of Oregon, TurfOne and Royal
brand names.
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