Dümmen Orange sells off orchids business
Dümmen Orange has reached an agreement with the business management team on the sale of its global orchids business.
As of April 1, all Phalaenopsis activities worldwide including breeding, propagation and sales will be managed independently under the Sogo brand. The business currently employs 330 people and comprises propagation for customers around the world. It has been owned by Dümmen Orange since 2017.
With this management buyout, Dümmen Orange has reportedly made significant strides in its strategic realignment. The move comes swiftly after the recent sale of its Anthurium production in the Netherlands, further reinforcing Dümmen Orange’s commitment to streamlining its operations and focusing on offerings in markets where it already has core competencies and strong positions.
“The transition to independent operation marks an exciting new chapter for Sogo, as we strive to innovate and deliver exceptional products and services to our valued customers and partners,” said Dennis Hsiao, CEO of Sogo.
Hugo Noordhoek Hegt, Dümmen Orange CEO, said, “Saying farewell to our orchids business was not an easy decision for us to make. There’s a fantastic team around the world and we have shown great things in orchids in recent years, winning many prizes and awards. We just completed another successful Open House in Taiwan. But we have to be realistic. As a breeder we cannot always make the difference in the marketplace, which for orchids has its very specific characteristics. To remain successful in the global orchids market, focus is needed. Within Dümmen Orange’s global portfolio we cannot offer orchids that focus, and that is why it’s better to take this decision. With a great team, a strong customer base and hundred percent focus on the Orchids business, Sogo is very well positioned to continue to have a bright future.”
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