Aardevo will focus on breeding new potato varieties with improved and novel traits, quicker than ever before. By enhancing taste and texture, producing greater yield, and strengthening disease resistance and processing quality, Aardevo will provide new and exciting choices for growers and consumers.
Both partners are excited to shape the future of the potato value chain and to establish a leading role in the business. The common goals are an effective development of new potato varieties and a more efficient delivery of planting material to the grower. Ultimately this will bring economic benefit and lead to more profitable businesses across the whole value chain.
“KWS has been working on this project for seven years, with a partner as experienced as Simplot, we will be able to shape the future of one of the most important staple foods globally, and drive our vision and common goals even faster” said Peter Hofmann, member of the KWS Executive Board.
“Farmers have been growing the same commercial potato varieties for dozens of years, yet there are thousands of wild varieties with natural disease resistance, antioxidants, greater yields and other benefits and Aardevo will focus on those,” said Scott Simplot, Chairman of Simplot. “We are delighted to be working with KWS, one of the world’s leading breeding companies, to bring these benefits to farmers, processors and consumers.”
Due to the genetic make-up of potatoes, the breeding of a new variety currently takes up to 15 years. To speed up this process substantially, one of the goals set by Aardevo is the creation of diploid hybrid potatoes which are more amenable to conventional breeding than their tetraploid counterparts. Furthermore, the long-term ambition is to provide farmers with true potato seed from which to grow potato plants. Using true potato seed for planting instead of whole or cut-up tubers, delivers more reliable starting material with decreased risk for disease and environmental benefits for storage.
The headquarters of Aardevo will be located in Nagele, The Netherlands with additional R&D operations in Boise, Idaho, USA. The partners have agreed not to disclose any information on the financial details of the joint venture. Each party holds 50 percent equity of the company.
Press Contact Simplot
Josh Jordan; (208) 807-1183; email@example.com
Press Contact KWS
Thilo Resenhoeft, +49 5661 311 1616; Thilo.Resenhoeft@kws.com
About KWS (1)
KWS is one of the world’s leading plant breeding companies. In fiscal 2016/2017, 4,950 employees in 70 countries generated net sales of €1,080 million and earnings before interest and taxes (EBIT) of €132 million. A company with a tradition of family ownership, KWS has operated independently for more than 160 years. It focuses on plant breeding and the production and sale of seed for corn, sugar beet, cereals, rapeseed and sunflowers. KWS uses leading-edge plant breeding methods to continuously improve yield and resistance to diseases, pests and abiotic stress. To that end, the company invested €190 million last fiscal year in research and development, 17 percent of its net sales. For more information, visit: www.kws.de
(1) All figures excluding the shares of the equity-accounted companies AGRELIANT GENETICS LLC., AGRELIANT GENETICS INC. and KENFENG – KWS SEEDS CO., LTD.
The J.R. Simplot Company, a privately held agribusiness firm headquartered in Boise, Idaho, has an integrated portfolio that includes phosphate mining, fertilizer manufacturing, farming, ranching and cattle production, food processing, food brands, and other enterprises related to agriculture. Simplot’s major operations are located in the U.S., Canada, Mexico, Australia, and China, with products marketed in more than 40 countries worldwide. For more information, visit http://www.simplot.com