Esseco Group, a private family owned industrial group, invested in Addcon, which produces “Green Chemistry” products for applications in feed and food as well as for technical applications. Financial terms were not disclosed. Bernd Kochannek, founder and CEO of Addcon states: “We have seen a very dynamic development in our group of companies ever since we have started 23 years ago. Since then we have grown from a German supplier to the local silage industry into a global player in many sectors. In order to ensure the future growth of the company, we have recently signed a sell and purchase agreement with the Italy based Esseco group, which will be implemented in the coming months. The new ownership structure will help to build additional production sites for our FEED and FOOD product range. In addition, we see a lot of synergism with the new owners for our full product range."