Kramp’s goal is to be the essential partner in parts and accessories for the agricultural industry. Strengthening their position in Ireland is an important next step in realizing Kramp’s growth ambition, given the significance of the Irish agricultural industry. Kramp seeks strong partners with whom it can build a long-term relationship and generate mutual benefits.
Genfitt has a strong position in the Irish market. Its leading market position is rooted in its commitment to service excellence; technical and market expertise; a loyal customer base and diverse product portfolio.
This makes it a great fit with Kramp and together they will continue to build an even stronger presence in Ireland. Customers will gain access to a wider assortment, improved delivery times an additional network of suppliers, partners, technical knowledge, and services.
Paul Duggan, one of selling shareholders, explained that 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. He went on to say that they are certain that Kramp are 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 their ownership.
Eddie Perdok comments: “In bringing Kramp and Genfitt together we will become the essential partner in the Irish agricultural industry. I’m 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 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”.
Next steps
It will be “business as usual” for the next period, as the companies proceed with the integration step-by-step. Partners will be informed about the next steps.