Following the transaction, which is still subject to clearance from the relevant competition authorities and is expected to be completed by the end of the year, Walkro will continue to be run as an independent entity within the Monaghan group.
Together with its new shareholders, the management will continue to execute the company’s strategy and further strengthen its position in the European market.
Established in Belgium in 1991, Walkro currently has sites in the Netherlands, Belgium and Germany where substrate is produced for mushroom cultivators in Europe and Asia. The company has a turnover of around €65m euro and approximately 230 employees.
Founded in Ireland in 1981, Monaghan Mushrooms is one of the world leading mushroom producers serving national and international retailers in the UK, Ireland, Canada and the United States. The company has a turnover of around €265m and approximately 2,750 employees.