EFTA Document EFTA01371400
FIMI's Rivulis adds on Eurodrip Industrial Supplies I Maroussi, Greece I Bolt-on Irrigation equipment manufacturers Rivulis Irrigation and Eurodrip have agreed to merge, with the new company retaining the Rivulis name and Rivulis CEO Richard Klapholz. The combined business will operate 18 factories across five continents. FIMI Opportunity Funds, which has backed Rivulis since 2014, and Paine & Partners, which has owned Eurodrip since 2013, will remain shareholders and active on the company
Summary
FIMI's Rivulis adds on Eurodrip Industrial Supplies I Maroussi, Greece I Bolt-on Irrigation equipment manufacturers Rivulis Irrigation and Eurodrip have agreed to merge, with the new company retaining the Rivulis name and Rivulis CEO Richard Klapholz. The combined business will operate 18 factories across five continents. FIMI Opportunity Funds, which has backed Rivulis since 2014, and Paine & Partners, which has owned Eurodrip since 2013, will remain shareholders and active on the company
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