Grupo Fertiberia to acquire Van de Reijt to foster its sales of low-carbon sustainable crop solutions in Europe
- The acquisition expands Grupo Fertiberia’s international footprint into markets with high potential for development of sustainable high-value-added crop nutrition solutions
Madrid (Spain), 24 November 2022 - Grupo Fertiberia, a Triton Fund V portfolio company and a leader in the EU crop nutrition sector, is taking another step in its strategy to grow its sales of sustainable innovative solutions, expanding its distribution capabilities to the Benelux. The Company has just entered into a definitive agreement to acquire Van de Reijt, a renowned wholesaler of fertilizers with highly efficient logistic assets in Belgium and the Netherlands.
With more than 150 years of history and a turnover of around €160 million in the last fiscal year, Van de Reijt has a long tradition of reliably serving the needs of agricultural customers in the Netherlands and Belgium. The business operates two waterfront bulk terminals, one near Breda in the Netherlands and another one in Grobbendonk (Belgium). This logistic position allows Van de Reijt to efficiently serve not only customers in Benelux but also in Germany and Southeast Asia, thanks to efficient logistics from Rotterdam.
“Van de Reijt will provide Grupo Fertiberia with a strong platform in European markets where we perceive that there will be a high demand for our low-carbon and other sustainable crop nutrition solutions” Javier Goñi, CEO of the company, says. Upon completion of the acquisition, Grupo Fertiberia will count with incremental distribution capabilities in strategic markets to meet the increase in production of high value added solutions.
The acquisition is expected to close in the first quarter of 2023, subject to the fulfilment of customary closing conditions, including regulatory approvals.
This operation is part of the ambitious internationalization process of the company, which is the leader in the Iberian Peninsula and has a well-established position in France. As part of this objective, the company has recently incorporated the company Fertiberia Hellas in Athens with the goal of becoming a leading brand for farmers in Greek and Balkan markets. For the implementation and development of this subsidiary, Grupo Fertiberia has joined together with a group of professionals with extensive experience in advising agricultural entrepreneurs in this market.
Triton invested in Grupo Fertiberia in 2020 to support the management’s strategy of accelerating product innovation and invest in the company’s manufacturing processes to become more efficient and environmentally friendly. Now, Grupo Fertiberia is leading the decarbonization of nitrogen fertilizer production in Europe, being currently the only producer of green ammonia and green crop nutrition solutions and aiming for full decarbonization by 2035. To this end, the company is promoting some of the largest European green hydrogen projects based on photovoltaic, wind and hydraulic energy, thanks to the great power and competitiveness of renewable energies in the Iberian Peninsula and the Nordic countries.
About Grupo Fertiberia
With more than 1,600 employees and 14 production sites spread across the Iberian Peninsula and France, Grupo Fertiberia is a leader in the plant nutrition sector in the EU, where it develops, produces and markets innovative agricultural solutions that raise the competitive standing of the agricultural sector and contribute to the ecological transition of an essential sector for the European economy. The Group is also one of the world’s leading companies in the ammonia market and produces environmental solutions for the industrial sector and other sectors. The company belongs to Triton Partners, which is driving its growth to make this Spanish company a leader in the fertilisation of the future. This will allow farmers to obtain greater yields with the highest level of environmental sustainability.
For more information: https://www.grupofertiberia.com/
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term and wishes to be agents of positive change towards sustainable operational improvement and growth.
The companies currently in Triton’s portfolio have combined sales of around EUR 18.1 billion and employ around 106,000 employees.
For further information: www.triton-partners.com