The Biggest Flower Company in Vietnam Spends 270 Million AUD on an Australian Acquisition, Becoming One of the Largest Flower Businesses Globally

"As per the agreement, Lynch shareholders will receive AUD 2.245 in cash per share, less any dividends previously paid. The total transaction value is estimated at AUD 270 million."

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In late August 2025, Dalat Hasfarm Company Limited announced that it has officially reached an agreement to acquire 100% of the shares of Lynch Group – a flower company listed on the ASX in Australia.

With this merger, Hasfarm will become the leading company in Asia and one of the largest fresh flower companies in the world, with production operations in Vietnam, China, and Indonesia, while also expanding access to large markets such as China, Japan, and Australia.

According to the agreement, Lynch shareholders will receive AUD 2.245 per share in cash, excluding previously permitted dividends – with the total transaction value estimated at AUD 270 million.

The deal is still subject to shareholder approval and an independent report confirming that it is in the best interests of shareholders.

The agreement supports Lynch’s strategic development by establishing a platform in production, distribution, and logistics, especially in the Chinese market. This will create cost advantages through economies of scale while also providing stability for employees, customers, and suppliers.

Commenting on the transaction, Mr. Joel Thickins, Co-Managing Partner of TPG Asia, said: “The acquisition of Lynch Group is in line with TPG’s strategy of building market-leading companies, leveraging regional expertise and scale. Since investing in Hasfarm in late 2024, we have been seeking merger opportunities such as Lynch to contribute to building a strong fresh flower production platform in the global development center.”

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