The seed potato companies Hettema, Emmeloord and the ZPC, Leeuwarden are presently investigating the possibilities of a close co-operation. The co-operation will have to lead to the foundation of a new company, in which the activities of Hettema and the ZPC merge. The goal is to start by the middle of 1999.

Both Hettema and the ZPC expect on the long run advantages out of this merger in the area of research and development of new varieties, marketing of seed potatoes, and a further efficiency in their operations. The markets of both companies are complementary. Hattema is enjoying a good market share in the countries around the Mediterranean, whereas the ZPC is strong in Europe.

Merging a co-operative with a private company will require the necessary adjustments in organization and juridical status. Hettema has issued share certificates to her growers, breeders and employees. The ZPC is preparing a similar system.

The results of the afore-mentioned feasibility study are expected in the spring of 1999. After that, a final proposal will be presented by Hettema to the holders of the share certificates and by the ZPC to the members of the co-operative.

In the meantime affiliated growers and breeders of both organisations have been informed by means of a personal letter as well as employees and their employees' councils,

The now co-operation between Hettema and the ZPC would result in a market share of approximately 40% of the total production and trade in Dutch seed potatoes. The ZPC is also active in the trade of table potatoes. The number of collaborators of Hettema amounts to 59 whereas in the trade organisation of the ZPC 86 people are employed.

For further information please contact:
Mr. J.C. Knoester
General Director
Hetterna
Tel: + 31 527 63 50 00
or
Mr. L. Aarderna
General Director
ZPC
Tel: + 31 58 291 92 93

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