Job offersmore »

Tweeting Growers

Last commentsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Biobest acquires equity stake in IVOG

Biobest Group NV has acquired a majority stake in IVOG biotechnical systems GmbH. IVOG is among the world’s largest manufacturers of sticky traps and rolls, a key tool for growers to put in place a successful biological control strategy. In 1983, IVOG was the first commercial producer of sticky traps. Biobest and IVOG began their collaboration in 2001. This helped both parties build a prominent position as providers of high-quality sticky traps and rolls. Biobest’s equity stake in IVOG now consolidates this collaboration.

Joachim Schneider, Managing Director of IVOG said: ”I’m very proud of what we achieved as a family business building on the activities initiated by my parents 35 years ago. I am grateful to my team, all our supporters and especially to our long-term, loyal customers and suppliers. The long-term collaboration with Biobest since 2001 has been a real win-win arrangement. We completed significant investments in 2017 to substantially increase our production capacity. I am confident that the entry of Biobest as a shareholder in IVOG sets the stage for further success. We will be able to strengthen our efforts in R&D together with Biobest and we remain ideally positioned to supply Biobest’s rapidly growing commercial network. With increased production capacity, we are also pleased to maintain and expand our capacity to commercialize our products through our own distribution channels.”

Jean-Marc Vandoorne, CEO of Biobest said: ”Our entry in the capital of IVOG, signed during the last days of 2017, concluded a year of spectacular growth for Biobest, with similar contributions of internal growth and M&A transactions. IVOG is a well-appreciated and long-standing partner of ours. This transaction allows us to become more involved in the manufacturing of the important and growing product line of sticky traps and rolls. The desired capacity for further growth at IVOG is in place. Our equity stake will facilitate joint investments in innovative quality products and state of the art production technologies. Our visions are well aligned and I look forward to continue our collaboration with Joachim Schneider and his team in this new setting.”

For more information
Biobest Belgium NV
Ilse Velden 18
2260 Westerlo - Belgium
T +32 14 25 79 80
F +32 14 25 79 82

Publication date: 1/12/2018



Other news in this sector:

3/21/2018 New brand identity for Barile Flowers
3/21/2018 US (CO): WaterPulse Promotes Kegerreis to VP of National Sales
3/20/2018 Singapore firm makes investment in Karuturi to restart Kenya ops
3/20/2018 NL: A sustainable packaging for a grateful plant
3/19/2018 NL: Equistone acquires BOAL Group
3/19/2018 "Air So Pure doing very well"
3/19/2018 UK: HTA introduces Recycling Scheme for members
3/19/2018 US: Worker Protection Standard training requirements for growers
3/16/2018 Chinese delegation visits World Horti Center
3/16/2018 Philips Lighting to change company name to Signify
3/16/2018 DowDuPont Executive Chairman to retire
3/15/2018 US: Bell Nursery acquired by Central Garden & Pet
3/15/2018 China conditionally approves Bayer-Monsanto deal
3/14/2018 US: Earth Alive appoints new sales director
3/14/2018 FTD Companies announces 2017 results
3/13/2018 Next step in the development of Floriday
3/13/2018 US (FL): Henry Gonzalez joins Costa Farms as CMO
3/13/2018 Smithers-Oasis promotes Riffey to general manager, grower operations
3/13/2018 Potveer BV declared bankrupt
3/12/2018 NL: Delphy buys plot for new research location for tree and perennial cultivation


Leave a comment: (max. 500 characters)

  1. All comments which are not related to the article contents will be removed.
  2. All comments with non-related commercial content, will be removed.
  3. All comments with offensive language, will be removed.

  Display email address

  new code