Agri-Services Group exits Belgian market


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Agri-Services Group exits Belgian market

INTERNATIONAL Agri-Services Group Origin Enterprises plc has sold its Belgian fertiliser business, Pillaert-Mekoson (‘Pillaert’) to Brokking Group (‘Brokking’) in a €15.5 million deal.

Origin Chief Executive Officer, Sean Coyle, said: “Since entering the Belgian market in 2018, we have looked to acquire complementary businesses to add further scale to our fertiliser operations in the region. Without suitable consolidation opportunities we have therefore decided to exit this market, to focus on markets which offer greater growth potential. We would like to thank the Pillaert team for their significant contribution to the Group since acquisition and wish them continued success with their new owners.”

Proceeds from the sale will be used "for general corporate purposes", a company statement revealed. Brokking, through its Triferto fertiliser wholesaling business, operates across Germany, France and the Benelux region.

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