First Dutch (PGFO B.V.) has acquired the Cefetra Group after agreeing on a deal with BayWa AG. The deal is expected to be completed in the coming months, with Cefetra remaining independently operated.
Cefetra Group CEO Daan Vriens, stressed continuity for all commercial and operational relationships. “Our new shareholder brings a long-term perspective and values our independent position in the market.
“Their support allows us to stay focused on our purpose, while continuing our ways of working and partnerships,” he said.
First Dutch chairman Peter Goedvolk added: “We are a global player in the commodity supply chains with representations over 1,500 ports in the world, lead from the hometown of Cefetra for over hundred years and First Dutch: Rotterdam, the gateway to Europe.“
