Kramp has, this afternoon (Wednesday, July 5th, 2023), announced the acquisition of Genfitt in Ireland.
Genfitt was established in 1973 in Kiltimagh, Co. Mayo, and has grown to be the largest independent wholesale supplier of components, machinery parts and spares to the agricultural industry in Ireland.
Working from their distribution hub in Kiltimagh, they can dispatch orders to any part of the country within 24 hours.
Kramp has a similar history, having been founded over 70 years ago by Johan Kramp in Varsseveld, Netherlands.
It now operates in 24 countries and aims to become the essential partner in parts and accessories for the agricultural industry.
According to a spokesperson, strengthening its position in Ireland is an important next step in Kramp realising its growth ambition given the significance of the Irish agricultural industry.
As part of its growth strategy, Kramp seeks strong partners with whom it can build long-term relationships and generate mutual benefits.
Genfitt’s leading position in the Irish market is rooted in its commitment to service excellence, technical and market expertise, a loyal customer base and a diverse product portfolio.
The similarities between the two companies make the move “a great fit”.
Together, they plan to continue to build an even stronger presence in Ireland. Their customers will, a joint statement reads, gain access to a wider assortment, improved delivery times, and an additional network of suppliers, partners, technical knowledge, and services.
The owners are “proud” of what Genfitt has achieved since they acquired the business in 2005 and have been delighted to support the business and its staff to its 50th anniversary, explains Paul Duggan, one of the selling shareholders.
Kramp
He is sure that Kramp is the best possible owner of the business for the next 50 years, and the business will develop in a way which would not have been possible without Kramp’s ownership.
“In bringing Kramp and Genfitt together, we will become the essential partner in the Irish agricultural industry,” says Kramp Group CEO Eddie Perdok.
“I am proud to be back in Ireland, 15 years after McHugh and Kramp decided to go their separate ways.”
“Together with Genfitt, we create a strong company based on highly competent teams, leading brands, and state-of-the-art operations.”
“We strive to accelerate Genfitt’s growth in Ireland by broadening the product portfolio and leveraging Kramp’s digital capabilities.”
“Based on these factors, we will further develop and strengthen our market position in Ireland.”
Kramp has announced that it will be business as usual for the next period as they proceed with the integration step-by-step.
They will keep their partners informed as they proceed.
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