M&A Deal Summary

AgriFORCE Acquires Deroose Plants

On March 10, 2022, AgriFORCE acquired agriculture company Deroose Plants for 69M USD

Acquisition Highlights
  • This is AgriFORCE’s 2nd transaction in the Agriculture sector.
  • This is AgriFORCE’s largest (disclosed) transaction.
  • This is AgriFORCE’s 1st transaction in Belgium.

M&A Deal Summary
Date 2022-03-10
Target Deroose Plants
Sector Agriculture
Buyer(s) AgriFORCE
Deal Type Add-on Acquisition
Deal Value 69M USD

Target

Deroose Plants

Evergem, Belgium
Deroose Plants is a global provider of young plant material for growers and plantation owners. Propagation-as-a-service is also offered to young plant breeders and propagators. Deroose Plants was founded in 1980 and is based in Evergem, Belgium.

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Buyer(S) 1

Buyer

AgriFORCE

Vancouver, British Columbia, Canada
Category Company
Founded 2017
Sector Agriculture
Employees7
DESCRIPTION

AgriFORCE is an AgTech company focused on developing and acquiring agriculture IP that changes the way plant cultivation and processing is done to provide more sustainable and better quality food, pharmaceuticals, nutraceuticals, plant-based products, and ingredients. AgriFORCE was founded in 2017 and is based in Vancouver, Canada.

DEAL STATS #
Overall 3 of 5
Sector (Agriculture) 2 of 2
Type (Add-on Acquisition) 2 of 4
Country (Belgium) 1 of 1
Year (2022) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Delphy

Wageningen, Netherlands

Delphy is an independent advisory and research partner for plant sectors. The company’s activities focus on consultation, research, digitisation, training and setting up innovative projects, both in the Netherlands and abroad. Delphy was founded in 2013 and is based in Wageningen, Netherlands.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Berry People

Hollister, California, United States

Berry People is an integrated and branded berry business with an increasingly global footprint, and a scalable platform model. Berry People is committed to providing customers with a balanced portfolio of all four berries with quality, in brand, organically and conventionally, and on a year-round basis. Berry People was founded in 2017 and is based in Hollister, California.

Buy $28M
Mergr

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