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Kingenta acquired Ekompany Agro B.V. in Netherlands
Mar. 15, 2016
China
Ekompany International B.V. Ekompany recently was acquired by the Chinese company Kingenta Ecological Engineering Group Co. LTD.
Founder and former co-owner Eric van Kaathoven and a large part of the staff will be involved in the new organization. Ekompany International BV is the first controlled release fertiliser (CRF) production and sales organization of Kingenta in Europe.
Mr Zhai Jidong, Chief Operating Officer of Kingenta: 'The Ekompany acquistion has a strategic long term fit within Kingenta: expansion worldwide and at the same time Ekompany has a good technology fit within the Group. R&D will be strengthened in Europe at Ekompany to suit the long term strategy of Kingenta and Ekompany.'
Mr. Eric van Kaathoven: 'The delay in the construction of the new factory the company resulted in a bankruptcy on October 23, 2015. Kingenta was looking for an opportunity to enter the European market and reported to Ekompany with no knowledge of the bankruptcy. Ekompany products are a solid addition to the product range of Kingenta and vice versa. The aim is to restart operations as soon as possible and to strengthen customer relationships.'
Source: Kingenta
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