The German-based Addcon group of companies has announced a change in its ownership structure which will come into effect from the fourth quarter of 2019 onwards.

 

Bernd Kochannek, Addcon's founder and CEO, said: "We have seen a very dynamic development in our group of companies ever since we have started 23 years ago. Since then, we have grown from a German supplier to the local silage industry into a global player in many sectors. In order to ensure the future growth of the company, we have recently signed a sell and purchase agreement with Italy-based Esseco group, which will be implemented in the coming months. The new ownership structure will help to build additional production sites for our feed and food product range. In addition, we see a lot of synergism with the new owners for our full product range."