Pindstrup announces the acquisition of Carolina Soil do Brasil, which is the largest supplier of growing media to the horticultural sector in Brazil.
Yesterday, documents were signed and virtual handshakes were exchanged, when Mr. C. Dwight Howard of Carolina Soil in North Carolina, USA, along with his business partner Mr. Wilbur Taylor divested the Brazilian branch of their horticultural business. Carolina Soil do Brasil will now be part of the Pindstrup group of companies.
In a statement, C. Dwight Howard said, “Carolina Soil do Brasil has been producing soilless media products in Brazil for over 20 years. With the acquisition by Pindstrup, we are confident that they are dedicated to the ongoing success of our products.”
Bjarne Moltke Hansen, Chairman of the Board for Pindstrup, is pleased with this strategic acquisition: “Part of Pindstrup’s strategy is to continue the growth that we have seen in many decades. In general, Pindstrup is growing organically, but we are always open to opportunities for growing the business through strategic acquisitions. That is why we were very interested when Mr. Howard reached out to Pindstrup. Carolina Soil do Brasil fits perfectly into our plans to expand in selected regions of the world.”
“Despite the Covid-19 pandemic and the obstacles it brought, we were able to build great relations with Mr. Howard and Mr. Taylor during the negotiation process, which to me underlines how similar our companies are in terms of respect for each other, our skills and qualities, and our ways of working,” says CEO of Pindstrup, Torben Brændgaard. He was able to visit the Carolina Soil plants in Pardinho and Santa Cruz do Sul earlier this year and was impressed with what CEO Anderson Schaeffer presented.
Carolina Soil do Brasil complements Pindstrup’s current activities in Brazil, as there are no major overlaps in terms of market segments and customers. With this acquisition, and based on the combined knowledge of the two companies, Pindstrup will be able to continue its high level of growth in an interesting region. There are currently no plans for changing either the organization or the brand name of Carolina Soil.
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