Nordian buys Chrysal

Under Nordian's ownership, the company plans to expand geographically and develop new product lines.

Nordian was previously known as Rabo Capital until the beginning of September, when it span out from Rabobank and launched a new €300m vehicle, Nordian Fund II, which will focus on the Dutch mid-market.

R12 Kapital is a Swedish investment company.

Company
Chrysal was originally founded in 1929 and merged with a plant food company, Pokon, in the 1950s. The merged companies (together named Pokon & Chrysal) then joined with Swedish company Vitabric in 2007, before Pokon was sold to Synergia Capital Partners in September of that same year. Chrysal then became Chrysal International.

Headquartered in Naarden, Chrysal is a producer of flower care products for cut flowers. The company also has a range of plant care products. Products include post harvest treatments, flower food and foam wraps for transportation.

The company employs 220 staff and generates €40m in revenues. It has operations in the Netherlands, the US, the UK, Colombia, Ecuador, Kenya, Japan, France, Sweden, Germany and Russia.

People
Joep Wiegel is the CEO of Chrysal. Perry Bos is a managing partner at Nordian.

Advisers
Equity – Mazars Berenschot Corporate Finance (Corporate finance).

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• Topics
• Benelux
• Buyouts
• Consumer
• Netherlands