Comfert SRL Sale to Origin Enterprises Plc
BACAU, 28 July 2015 -- Comfert is pleased to announce that on 27 July 2015, its owner, Mr. Catalin Grigoriu, entered into a binding agreement to sell Comfert SRL to Origin Enterprises Plc, an international agri-trading business listed in the UK and Ireland. Comfert is one of the largest agri-trading businesses in Romania with revenues of EUR 100m in 2014. The transaction provides the opportunity to substantially grow Comfert’s core business of seeds, agro-chemicals and fertiliser sales to medium and large scale farm operations in Romania. Mr. Grigoriu stated: “This transaction offers excellent prospects for Comfert’s customers, suppliers and employees and represents a significant strategic step for the company”. Comfert was advised by GeoFarms, a specialist agri-business investment advisor and Bucharest law firm Biris-Goran.