Wezep – A consortium consisting of Agrifirm, Gilde Buy out Partners (Gilde), De Heus, EW Group and Plukon Food Group’s (Plukon) management today announce the intention to form Plukon’s new shareholder consortium. This announcement follows a review of the ownership structure of the company that was announced in January 2015.
The transaction will secure Plukon’s position going forward and enables Plukon to continue to execute its strategy as an independent operator in the European poultry market.
Following the transaction, Plukon’s shareholder base will consist of Agrifirm, Gilde, De Heus, EW Group and Plukon’s management, whereby no shareholder will have a controlling interest in Plukon. Plukon’s management shareholding will remain unchanged. All shareholders have expressed their intention to exit their financial investment in the company after four to six years.
Financial details have not been disclosed.
Peter Poortinga, CEO of Plukon Food Group:
“I am pleased with the new ownership structure of Plukon and I am looking forward to work with the new shareholder consortium. This transaction is good news for our employees, suppliers and clients, as our growth strategy and business philosophy will remain unchanged. After a satisfying start of the year 2015 for Plukon, we are now ready to take new steps in our strategy.”
The transaction is subject only to the usual competition clearance and employee consultation conditions.
J.P. Morgan acted as exclusive financial advisor to Gilde in connection with the transaction.
About:
Plukon
Plukon Food Group is specialized in fresh, pre-packaged products for the supermarket chains and fresh and frozen poultry for the food service segment and food industry in north-western Europe. The Plukon Food Group operates at 5 locations in the Netherlands, 3 in Belgium and 5 in Germany, employing c.4,000 people. The turnover from the processing activities of the Plukon Food Group was 1.3 billion Euros in 2014.
Gilde Buy Out Partners
Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions with operations in the Benelux and the DACH region. Gilde manages funds in excess of EUR 2 billion and controls majority shareholdings in, amongst others, companies like Riri, Axa Stenman, Comcave, Spandex, Eismann, Teleplan, CID Lines, Bekaert Textiles, Powerlines and HG.
Royal Agrifirm Group
Agrifirm is a link to success for enterprising farmers and market gardeners by supplying high quality animal feeds, products for the cultivation of crops and professional advice. The company has a strong focus on the development of innovative products and concepts which leads to enhanced results for its clients. Agrifirm is a Dutch cooperative company with an international network of subsidiaries and has a leading position in the Netherlands. With 3000 employees worldwide Agrifirm achieved a turnover 2.4 billion Euro in 2014.
Royal De Heus, established in 1911, is an internationally operating company with the production and commercialisation of high-quality animal feeds as its core activity. Strong international growth in the past few years has made De Heus one of the top 20 animal feed suppliers in the world. The company has more than 3,000 employees worldwide, 650 of them in the Netherlands. Its head office is located in Ede-Wageningen, the Netherlands.
EW Group is a German based Holding company with more than 90 subsidiaries operating in the area of Animal Genetics, Animal Health and Animal Nutrition. The Group employs more than 7.000 employees in 35 countries.
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