M&A Deal Summary

Straco Acquires Agaris

On September 24, 2018, private equity real estate Straco acquired food company Agaris from Greenyard for 120M EUR

Acquisition Highlights
  • This is Straco’s 1st transaction in the Food sector.
  • This is Straco’s largest (disclosed) transaction.
  • This is Straco’s 2nd transaction in Belgium.

M&A Deal Summary

Date 2018-09-24
Target Agaris
Sector Food
Buyer(s) Straco
Sellers(s) Greenyard
Deal Type Divestiture
Deal Value 120M EUR

Target

Agaris

Ghent, Belgium
Agaris is a supplier of substrates, soil covers and soil improvers for ornamental plant cultivation and mushrooms, vegetables and fruit. Agaris is based in Ghent, Belgium.

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Buyer(S) 1

DESCRIPTION

Straco is a diversified investment group focused on real estate and private equity investing. The Firm's real estate group looks to acquire prime retail shops and semi-industrial buildings as well as invest in new real estate projects. The Firm's private equity group looks to provide equity and subordinated debt capital to companies operating in traditional industries. Straco prefers opportunities throughout Belgium, The Netherlands, The UK, Luxembourg, France and Germany. Straco was formed in 1986 and is headquartered in Gent, Belgium.


DEAL STATS #
Overall 3 of 6
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Belgium M&A 2 of 3
Year: 2018 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Forum Jobs

Roeselare, Belgium

Forum Jobs is an independent temporary staffing company operating over 30 offices, mainly in Flanders. It is active in the staffing of general blue-and white-collar profiles, and serves various niches including food, call centres, construction, and technical profiles. Forum Jobs was founded in 1997 and is based in Roeselare, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 EcoChem

Olen, Belgium

EcoChem is a formulator and distributor of flame retardant products. EcoChem is based in Olen, Belguim.

Buy -

Seller(S) 1

SELLER

Greenyard

Sint-Katelijne-Waver, Belgium

Category Company
Founded 1965
Sector Food
Employees8,689
Revenue 5.1B EUR (2024)
DESCRIPTION

Greenyard produces and sells fresh and prepared fruits and vegetables, flowers and plants, fresh logistic services and growing media. Counting the majority of Europe’s leading retailers amongst its customer base, the group provides efficient and sustainable solutions to customers and suppliers through best-in-class products, market-leading innovation, operational excellence and outstanding service. Greenyard was founded in 1965 and is based in Sint-Katelijne-Waver, Belgium.


DEAL STATS #
Overall 1 of 2
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Belgium M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Mykogen Polska Sp z o.o.

Lask, Poland

Mykogen Polska Sp z o.o. is a European producer of mushroom substrate. Company product is made exclusively from natural raw materials, chicken manure, water and scarce amount of gypsum. No additional chemicals are applied during the production process to improve the quality. Finished substrate is of the highest microbiological and chemical purity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Zolve

Torres Novas, Portugal

Zolve is one of the main players in temperature-controlled logistics market. Operating two multi-temperature logistic platforms, it provides services for a diversified client base in retail, industry and aviation business, with a strong focus on perishable food products. Zolve was founded in 2001 and is based in Torres Novas, Portugal.

Sell -