365 Capital – Press Release
12 July 2021
365 Capital is pleased to announce becoming a significant shareholder in Agricultural Production and Handling BV (“APH Group”), alongside CEO and founder Wytse Oosterbaan and the rest of the APH Group management team.
Founded in 1997, APH Group is the largest dealer organisation of potato and vegetable equipment in the world, as well as a supplier of irrigation systems, with a focus on Central- and Eastern-European and Asian markets. APH combines the complementary product range of several high-quality A-brand agricultural equipment manufacturers, which allows APH to offer a full line of products to its clients. APH has its headquarters in Heerenveen and has local offices and dealers in each of the countries where it is active, from which they provide local advice and services.
APH Group has an extensive network of sales and service centres for equipment for the potato and vegetable professional. Also it has a strong position in distributing irrigation installations. APH Group represents a group of A-Class manufacturers and is the largest potato- and vegetable equipment dealer in the world.
Wytse Oosterbaan, founder and CEO of APH Group says: “Our team and management is ambitious and wants to keep on growing. The market and the need for food in the world is constantly increasing and we see big opportunities for us in this market. To further build on our leading position, we decided to take this step forward. Besides organise growth we are planning to realise some acquisitions. We found in 365 Capital a partner that understands us and is ready to realise this with us.”
Reinaert Molenaar, partner at 365 Capital, added: “APH Group has an impressive reputation and a strong footprint in markets where we see significant potential for future growth. We are impressed with what the management team has achieved in recent years and we look forward to supporting the company and its management in the next phase of growth, both organically and through acquisitions.”
The sellers have been advised by Rembrandt Fusies & Overnames and Dentons
365 Capital has been advised by Cleber Advocaten and KPMG.
For more information, please contact APH Group or 365 Capital: