Tropic acquires leading global plant propagation business Rahan Meristem
UK-based seed expert Tropic acquired Rahan Meristem, a leading international banana plant propagation company with operations across Latin America, Asia and the Middle East.
In a press release, the company said the deal provides it with large-scale plant production and distribution capacity in the world’s major banana-exporting regions.
The expansion also has the potential to accelerate the commercial rollout of the firm’s new cultivars, the document read, establishing it as the first fully integrated banana genetics company.
“Welcoming Rahan and its team into Tropic creates a remarkable joint business with the operational scale and global reach to deliver critical banana innovations to growers worldwide,” said company CEO Gilad Gershon. “Together, we can help growers improve resilience and productivity while delivering better-quality fruit and reduced waste for consumers and supply chains.”
Tropic's got its eye on global expansion
Following its recent $105 million Series C funding round and the launch of the first commercially viable new banana varieties in more than 75 years, the firm is now focused on scaling up global production and grower adoption.
The acquisition of Rahan Meristem provides the propagation capacity, operational expertise and regional presence needed to accelerate commercial deployment worldwide, and marks Tropic’s evolution to an integrated seeds company servicing growers in one of the largest and most important crops globally.
*All images courtesy of Tropic.
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