An MBO transaction (a Management Buy-Out is a form of acquisition where a company is bought by its senior managers or by its employees) initiated by Alban RASSAU, CEO of the company KULKER, with 3 of the firm’s executives, was completed in December 2017. Formerly a part of the RYB Group (manufacturer of polyethylene pipes based in Isère), the company KULKER is the market leader in France in the distribution of supplies for agricultural irrigation and the irrigation of green spaces.
Previously having 3 branches in Metropolitan France, the company is now running the whole business from its premises in Cheval Blanc, in the Vaucluse region, so as to establish a logistics centre suitable for the demands of today’s clients and so as to have better control over its flow of goods. It has kept open its old Corsican office, located south of Bastia.
It then entered a new phase of development, particularly in the international field, which already represented 15% of the company’s turnover. In fact, the aim of the company’s strategy of creating an entire range of products that allows the water to be taken from the pumping station right to the base of the agricultural crops, as well as complete irrigation installations for green spaces, is to increase its share of the French market and develop its export markets.
By undertaking its projects aimed at improving customer care and broadening its range of products, the company KULKER is in pole position for expanding on the French market and increasing exports.
The CEO stated: “By achieving our independence while at the same time maintaining a commercial partnership with the RYB group following this transaction, together with my colleagues and partners, we look forward to making KULKER more vibrant and dynamic.”
