Acquisition of BonarAgro completed according to plan

The earlier announced (press release 2017-07-11) acquisition has now been finalized according to plan. The new company will be named IFG Cresco and is a subsidiary to Exelto within the IFG group

IFG Cresco, based in Lokeren, Belgium, is a leading producer and supplier of innovative screens and ground covers for the agriculture and horticulture industries. The company has a wide range of applications, including greenhouse climate control, water distribution, weed control and mushroom growing. The products are sold worldwide through IFG Cresco’s own sales organization. IFG Cresco’s turnover is approximately € 20 m and the company has about 180 employees.
  

For further information, please contact

John Häger, CEO Duroc AB, tel: +46 702 48 72 99
  

The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of the contact person stated below on 11 November 2017 at 14:00 CEST
  

Duroc AB (publ)
Box 612, SE-182 16 Danderyd. Besök: Svärdvägen 5
Tel: +46 8 789 11 30. Fax: +46 8 789 11 31
Organisationsnummer: 556446–4286

The Duroc Group manages and develops industrial and trading companies. With deep knowledge of technology and markets, the Group’s companies aim at leading positions in their respective industries. As an owner Duroc actively contributes to the development. The Group has a turnover of approximately SEK 2,200 m and has about 578 employees. Duroc is listed on NASDAQ OMX Stockholm. www.duroc.se

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