EATD B.V. on a clear course of growth for the company and the TIANLI brand with a new shareholder on board.
On 4 November 2019, the basis for LOI (Letter of Intent) was created after lengthy negotiations. At Agritechnica EATD B.V. will seal the agreement by signing the LOI with the new shareholder.
During a visit by Wolfgang Lüttschwager, General Manager EATD B.V. in October, the management of TUTRIC, the producer of the TIANLI brand, agreed to this move and expressly welcomed it. Lüttschwager comments: “Over the past six years, we have generated considerable growth from our own funds and as a company we are firmly on our feet. Now is the time to take the next step. In a market that has come under severe pressure, we have succeeded in securing further know-how and sufficient financial resources. We look forward to the signing “. The identity of the investor will be announced in Hanover.
