October 13, 2011

Monaghan Mushrooms and Gimv together with management announce today the acquisition of Walkro from Bencis Capital Partners.

Walkro is one of the largest producers of mushroom substrate in Europe. The company was set up in the beginning of the nineties. Today it has sites in the Netherlands, Belgium and Germany where substrate is produced for mushroom cultivators in Europe and Asia. Walkro is the largest producer of substrate for the mushroom industry in the region.

Monaghan Mushrooms was established in Ireland in 1981 and grew into one of the world’s leading mushroom producers supplying a full range of fresh mushrooms to leading national and international retailers in the UK, Ireland, Canada and the United States. The company is active in the production of mushroom substrate, cultivation and packaging of fresh mushrooms.

Walkro will continue to be run as an independent entity within the Monaghan group. Together with its new shareholders, Walkro’s management will continue to execute the company’s successful strategy and further strengthen its position as the leading supplier of substrate for the cultivation of mushrooms in the region.