Enkhuizen, The Netherlands
February 27, 2007
The management team of INCOTEC
and ABN AMRO Participaties have jointly acquired the
shareholding of NeSBIC Investment Fund II B.V. in INCOTEC
Holding B.V. As a result of this transaction management
increases its stake to 65%, with ABN AMRO Participaties
acquiring the remaining 35%. Rabobank, the existing house bank
of INCOTEC, provided the acquisition and working capital
facilities.
The President and CEO of INCOTEC, Mr. Jan Willem Breukink says:
“This is an important moment in the history of INCOTEC. After
five years of successful co-operation with NeSBIC we felt it was
the right time to put the majority of the shares back in the
hands of the company. The international management team of
INCOTEC is highly motivated to expand the business and to
further improve the profitability of the company. Based on our
existing high quality product portfolio and our research
pipeline, we believe that INCOTEC has enormous potential and the
resources to enable a strong growth in the coming years."
"Together with ABN AMRO Participaties and our house bank
Rabobank, we now have the financial resources available to take
the next step in the development of INCOTEC", he adds.
Managing Director of ABN AMRO Participaties Mr Bob Kramer says:
“We are impressed with the innovations taking place within
INCOTEC and the enormous potential this company has to offer. We
are pleased and proud to have become a shareholder of INCOTEC
and are committed to support the company's growth strategy.”
INCOTEC, with headquarters in the Netherlands, is
world-wide leader in coating and seed technology serving the
agronomic, forage, vegetable and flower seed industry
world-wide. INCOTEC has activities in the USA, the Netherlands ,
Italy, Brazil, Japan, India, Australia and since recently in
China.
ABN AMRO Participaties is part of ABN AMRO Capital, the
global private equity business of ABN AMRO N.V., and invests in
Dutch companies via majority and minority stakes, most often in
partnership with the management teams of these companies. Recent
investments include Blydenstein-Willink N.V. (Verosol) and Kiwa
N.V. |
