Groupe Avril Subsidiary Signs ‘Participation’ Deal With Ferti-Mauges
Groupe Avril’s subsidiary Terrial, which specialises in organic fertilisation, has signed a participation agreement with the organic-soil conditioner company Ferti-Mauges.
Terrial has been an important customer of Ferti-Mauges for more than a decade, a Groupe Avrill press release states.
“This operation reinforces the existing synergies between Terrial and Ferti-Mauges.
“It is part of a co-development approach between the two partners. This capital participation allows Ferti-Mauges to sustain its activity, accelerate its development and optimise its industrial performance.”
Patrick Gambier, director of Ferti-Mauges, said, “This partnership solidifies Ferti-Mauges as the French leader in the production of organic fertilisers to order. It reinforces and secures our procurement capacity of raw materials. This operation brings serenity and security to our clients who can count on a reliable industrial subcontractor for their fertiliser supplies”.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.