Dutch holding firm acquires Ontario Crops Propagation

COFRA has acquired Ontario Crops Propagation, a supplier of starter vegetation for hydroponic and organic greenhouse growers in North The usa.

Founded in St. Thomas, Ontario, Canada in 2002, Ontario Crops is a supplier of starter tomatoes, peppers, and cucumbers in Canada and the United States. The business has developed a refined propagation course of action with exemplary hygiene specifications and bio-controls, in addition to dependable relationships with its clients.

COFRA is a Swiss-primarily based keeping wholly owned by some fifty descendants of Dutch founders Clemens and August Brenninkmeijer, very well-known in Netherlands for acquiring retailer C&A.

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The 45-acre greenhouse of Ontario Plants

Third investment decision
The acquisition of Ontario Plants is COFRA’s third expense in the sustainable food stuff technique in the past five months, pursuing the acquisition of Dalsem, a substantial-tech greenhouse developer centered in the Netherlands, and investment decision in Clever Development Remedies, a British isles-based vertical farming technological know-how service provider. All 3 investments reflect COFRA’s focus on Controlled Natural environment Agriculture, which enables growers to create wholesome food at larger yields when using less sources and squander.

Ontario Plants’ management crew will carry on to direct the small business, less than COFRA’s possession, from St. Thomas, Ontario, Canada.

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Boudewijn Beerkens

Boudewijn Beerkens, CEO of COFRA Keeping, claimed: “Our acquisition of Ontario Vegetation additional underlines COFRA’s dedication to investing in companies that are tackling some of the world’s most significant social and environmental issues.” 

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Robert Poultney

Steve Vanderkooy, Chairman & Co-Founder of Ontario Crops, stated: “As Ontario Plants marks its 20th yr in business enterprise, we are extremely happy to turn into part of the COFRA family members. We have targeted since 2002 on remaining a reliable and trustworthy partner to our grower customers and, as the founding Vanderkooy family associates, we are self-confident this will go on beneath COFRA’s ownership. COFRA will be an remarkable steward of the business as Ontario Crops carries on to increase and meet rising requires in the Controlled Atmosphere Agriculture sector.”

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Rob Poultney, CEO of Ontario Crops, stated: “I am happy of what our team at Ontario Plants has accomplished as North America’s range one plant propagator and fired up by the prospects that COFRA will deliver to our enterprise, our persons, and our shoppers. Getting portion of COFRA will accelerate our development ambitions by giving not only expense but also obtain to prolonged expertise and networks in sustainable foodstuff and past. Our shared long-phrase motivation to the Managed Atmosphere Agriculture sector and belief in the electricity of small business to address the world’s most significant challenges is incredibly fascinating. I look forward to working with COFRA to ensure the creation of sustainable food items in the a long time ahead.”

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Cofra acquired Ontario Crops from British isles expert food and agriculture expense group Sunridge, who partnered with the initial household homeowners of OPPL in 2018. “Due to the fact then, we formulated the company by significant investments in expanding place expansions and revolutionary engineering, products diversification and attracting the maximum top quality talent during the firm”, explained Philipp Saumweber, Managing Spouse of Sunridge.

“The effective expense in OPPL epitomizes Sunridge’s thematically driven, fingers-on and lively improvement method to partnerships. We have been privileged to aid construct a single of the most sustainable, progressive and current market primary suppliers of greenhouse starter vegetation globally and would like to thank all the OPPL crew associates who labored tirelessly with us to transform the Enterprise into a compelling progress system, which we are self-confident will proceed to excel underneath COFRA’s possession. We desire Rob and the complete OPPL group all the very best as they transfer forward.”

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