Spearhead International: Acquisition of Rolimpex Nasiona S.A. in Poland
Spearhead International Ltd, through its Polish subsidiary Top Farms Mazury Sp. z o.o., has acquired Rolimpex Nasiona S.A.
Rolimpex is the leading supplier in Poland of grass seed for domestic and commercial use and owns two major grass seed brands: 'Graminex' and 'Najlepsze trawy z Ilawy' (Best grass from Ilawa'). In addition it is a substantial supplier of specialist crop seeds, such as clover and phacelia, as well as agricultural cereal seeds.
Spearhead International's subsidiary Top Farms Agro is a leading supplier of agricultural seeds in Poland and the merger will be complementary, widening the Group's service base and its product range. The merger was agreed on 24th July but has been subject to clearance by the Office for Competition and Consumer Protection (UOKiK). This clearance has now been received and the two businesses can begin to implement their plans for development. In a full year Rolimpex is expected to add in excess of PLN60m (£12m at current exchange rates) to the Spearhead Group turnover, and the combined seeds business will have a turnover of about PLN120m (£24m).