Grupo Fertiberia takes another step in its strategy to boost international sales of its innovative and sustainable plant nutrition solutions
- The company has expanded its distribution capacity to Benelux after sealing a definitive agreement to acquire Van de Reijt, a well-known fertiliser wholesaler with highly efficient logistics assets in Belgium and the Netherlands.
With more than 150 years of history and a turnover in its last financial year of almost 160 million Euros, Van de Reijt has a long tradition of serving the needs of agricultural customers in these markets. The company operates two maritime bulk terminals, one near Breda in the Netherlands and one in Grobbendonk (Belgium). This logistical position enables 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 sense there will be a strong demand for our low-carbon plant nutrition solutions," said Javier Goñi, CEO of the company. Once the acquisition is completed, Grupo Fertiberia will have distribution capabilities in strategic markets to handle the increased production of high added value solutions.
The acquisition is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions, including regulatory approvals.
The operation is part of the ambitious internationalisation 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, last month it also incorporated the company Fertiberia Hellas in Athens to grow in the Greek and Balkan markets. For the implementation and development of this subsidiary, the company 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 management's strategy of accelerating product innovation and investing in the company's manufacturing processes to make them more efficient and environmentally friendly. Grupo Fertiberia is now leading the decarbonisation of nitrogen fertiliser production in Europe, currently being the only producer of ammonia and green fertilisers, and aiming for full decarbonisation 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 Nordic countries.