Amsterdam and Tokyo – CFI is pleased to announce the acquisition of the 100% equity interest in Blue Wave Holding B.V (“Blue Wave”), the holding company of Chrysal International B.V (“Chrysal”), a leading provider of post-harvest flower and plant care products, by OAT Agrio Co., Ltd (“OAT Agrio”), an agrochemical and fertilizer manufacturer based in Japan. Subject to customary closing conditions, OAT Agrio will acquire all of Blue Wave’s shares from Nordian Fund IIA Coöperatief U.A. (“Nordian Capital”) and other minority shareholders. The cross-border CFI team consisted of advisors from CFI Netherlands and CFI Japan (Frontier Management Inc.).
Since its founding in 1929, Chrysal has provided premium flower and plant care products which extend the vase life of cut flowers and potted plants. It supplies growers, bouquet makers, wholesalers, florists and other customers through its worldwide distribution network. Chrysal is headquartered in the Netherlands, with overseas subsidiaries located in the United States, South America, Europe and Asia.
OAT Agrio Co., Ltd. [ISIN: JP3174220008; Ticker Symbol: TYO: 4979] is a Japan-based company primarily engaged in the manufacture and sale of fertilizers and pesticides. It provides technologies and services that contribute to the domains of fertilization, irrigation, and biostimulants. Among products of fertilization and irrigation, OAT Agrio is known for its product “Misaki”, a post-harvest flower and plant care solution.
The acquisition of Chrysal by OAT is expected to strengthen OAT’s worldwide presence as well as drive further product development and synergies between the companies in pre- and post-harvest products. CFI approached the owners of Chrysal and initiated discussions with OAT Agrio and subsequently led the negotiations that ultimately resulted in a share purchase agreement on 19 November 2018.
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