Triton completes sale of COMPO CONSUMER
Frankfurt / Münster (Germany), 30 June 2016 - Funds advised by Triton ("Triton") announced today that they have completed the sale of COMPO CONSUMER, one of Europe's market leaders in consumer gardening products including potting soils, fertilizers and plant care products, to Kingenta Ecological Engineering Group Co. Ltd. (“Kingenta”), a publicly listed company and one of the leading fertilizer producers in China.
"Over the last four years, COMPO CONSUMER has heavily invested in re-invigorating the strong “COMPO” consumer brand and gaining market share. Since the acquisition by Triton in 2011, management has implemented a number of measures to strengthen the market position of Compo's consumer business. These included the implementation of a continuous innovation process targeted at launching one product innovation per year and establishing “COMPO” as the leading brand in the market. In addition, the company significantly complemented its product portfolio with the acquisition of Terrasan in 2012, the leading private label manufacturer in Germany and Austria. We are confident that the business will continue to prosper under its new owner. We would like to thank the management team and the employees for their valuable contributions to the company's development", said Peder Prahl, Director of the General Partner for the Triton funds.
About COMPO CONSUMER
COMPO CONSUMER is one of Europe's market leaders in consumer potting soils, fertilizers and plant care products. Compo's foundations were laid in the 1950s, when the company became the first supplier of potting soil in 'user-friendly' bags. Compo is headquartered in Münster, Germany, has sales in excess of €250 million and employs over 600 people with operations across 15 locations in Germany, France and other European countries.
About Kingenta Ecological Engineering Group Co. Ltd.
Kingenta Ecological Engineering Group Co. Ltd. is a public listed company and the leading producer of plant nutrition and crop solution products in China. Since its inception in 1998, Kingenta has grown to be a national innovative enterprise with RMB 11 billion of total assets, more than 10,000 employees and 6 MMT of annual production capacity. Kingenta exports its products to South Korea, Japan, Australia and Malaysia and is planning to expand its operation worldwide. The company is listed since 2010 on Shenzhen Stock Exchange (002470). In 2015, the sales revenue was RMB18 billion.
For further information: www.kingenta.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 26 companies currently in Triton's portfolio have combined sales of around €11.5 billion and around 53,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com