The Italian Esseco Group has taken over all shares of the Germany based Addcon group of companies on October 31, 2019. Since then, the founder, Mr. Kochannek has grown Addcon from a German supplier to the local silage industry into a global player in many sectors. In order to ensure the future growth of the company, Addcon has partnered with the Italy based Esseco Group. This will help to sustain further growth especially for Addcon’s FEED and FOOD product range.
Esseco Group, based near Milano in Italy, has a very strong position in oenology, the food industry and in the chemical industry.
Taking over Addcon will increase the product portfolio to new sectors such as the feed industry. Esseco also looks forward to synergy in production sites and sales infrastructure as Addcon’s network is integrated.
The boards of both Addcon and the Esseco Group have announced that Addcon shall remain active as it is for the near future. All partners and employees can rely on existing contracts and agreements.
During the acquisition process, EY acted as financial and fiscal advisor and De Falco & Grompe acted as the lead legal advisor to Esseco Group.
