COMPO sells EXPERT business to XIO Group
• Focus on CONSUMER business will be further strengthened
• Growth in Eastern Europe and stronger product innovation planned
• COMPO EXPERT well-positioned for further expansion in global growth markets
Münster, 13 March 2015 – COMPO, one of the leading suppliers of branded goods for home and garden, sells its EXPERT business to XIO Group, a global alternative investments firm. This step allows COMPO to further strengthen its strategic focus on its CONSUMER business. The parties have agreed not to disclose the purchase price.
“Both the CONSUMER and EXPERT business units acted largely independently from each other in the past. The sale of the EXPERT segment allows us to focus on our CONSUMER business where we see further growth opportunities in all European markets due to our strong market position and clear focus on product innovations”, said Martin Bertinchamp, Chairman of COMPO.
COMPO EXPERT offers a broad range of high-quality, innovative special fertilizers for professional users. The EXPERT business holds a leading position in Europe and has over the past years advanced its geographical expansion into new countries in Latin and South America and opened its own hub in Asia.
In Germany, the modernisation of the Krefeld production plant will be completed in the summer of 2015, after finishing the construction of the last warehouses and the new slowrelease fertilizer facility. Since 2013, a total of around 65 million Euros has been invested in the reconstruction and development of the site, creating 20 new jobs.
“With its ultramodern facility in Krefeld, high-quality product range and strong team, COMPO EXPERT is well-positioned to further benefit from global growth markets, especially in Asia and Latin America. We look forward to develop COMPO EXPERT to its full potential in cooperation with the management team and employees as well as to support the company in its next stage of development,” said a XIO Group spokesperson.
Thanks to the successful integration of Terrasan, which sells home and garden products primarily in Germany, Italy, Austria and Switzerland, COMPO CONSUMER was able to successfully strengthen its position as the European market leader. In 2015, COMPO will release new, innovative products in the CONSUMER segment, such as an organic product range with a newly developed sheep’s wool fertilizer.
About COMPO CONSUMER
COMPO CONSUMER is one of the leading suppliers of branded goods for home and garden. Its product range includes fertilisers, plant protection products and high-quality potting soils. COMPO CONSUMER employs around 600 people worldwide and has production sites in Münster, Rain am Lech, Gnarrenburg and Uchte as well as two smaller sites in Italy and Northern France.
About COMPO EXPERT
COMPO EXPERT offers a broad range of high-quality, innovative special fertilizers for professional users. Its product range encompasses innovative slow-release fertilizers, special mineral fertilizers, coated fertilizers, nutrient salts, liquid fertilizers, trace nutrients as well as soil improvers and plant care products. The company employs around 500 people worldwide.
About XIO Group
XIO Group is a global multi-billion dollar alternative investments firm with offices in London, Hong Kong and Shanghai. The company has a significant amount of committed capital in place for global transactions. The Group seeks to leverage its unique global network to provide growth for portfolio companies.