Sun European Partners to acquire CNC Holding from Coöperatieve Nederlandse Champignonkwekersvereniging.

Sun European Partners, a private equity firm, agreed to acquire CNC Holding, a European producer and supplier of substrate for mushroom cultivation, from Coöperatieve Nederlandse Champignonkwekersvereniging, a supplier of raw materials and services for the mushroom. Financial terms were not disclosed. “A thorough and intense strategic process with the cooperative members led to the decision to sell CNC Holding BV. As a worldwide player in substrate for mushroom cultivation, CNC has a huge ambition to grow and develop in the future. We are convinced that Sun European as the new owner will be able to take CNC to the ‘next level’ by accommodating further growth and expanding internationally. On behalf of the CNC Cooperative Board I would like to express our special thanks to all cooperative members, management, the works council, Supervisory Board, advisors and other stakeholders for their contribution to the sales process," Maurice Koppen, CNC Chairman of the Cooperative Board.