HM. CLAUSE Invests in Future of Agriculture with Addition of Genica Research Corporation.
Limagrain, through its U.S. subsidiary Vilmorin USA Corporation, announced that it has entered into a definitive agreement to acquire Genica Research Corporation (USA), headquartered in Dixon, California.
Created in 1999, Genica Research Corporation, parent company of Magnum Seeds and Genista, specializes in research efforts for the breeding and production of hybrid vegetable seeds. Its portfolio includes sweet and hot peppers, cucumber, zucchini, tomato, eggplant, melon and watermelon. The company has 50 permanent employees based in the United States and Europe, nearly half of whom are dedicated to research and development.
The USA activities of Genica Research Corporation, including research and farm facilities located in California and Florida, will be integrated into HM.CLAUSE, Inc., based in Davis, California. The addition of these assets furthers HM.CLAUSE’s capabilities and demonstrates its continued commitment to investing in the future of agriculture.
The European activities of Genica Research Corporation, including greenhouses in Spain and a research station in Italy, will be integrated into Vilmorin SA, based in France. HM.CLAUSE and Vilmorin are both business units of Limagrain.