PRESS RELEASE - Announcement of new joint venture in fertilizers, KNE BRANDT S.A. - 12/4/2024

K&N EFTHYMIADIS S.A. and the American multinational BRANDT officially sign the establishment of a new fertilizer company: KNE BRANDT S.A.

K&N Efthymiadis S.A., a leading agricultural supplies and services company in Greece, has decided to enter the fertilizer and biostimulant industry through the establishment of a joint venture with BRANDT, an American multinational company specialized in high-value nutritional products. With this move, K&N Efthymiadis' main goal is to offer quality and technologically advanced nutritional products and to more fully meet the needs of producers in products and services. On the other hand, the American company BRANDT, with a 70-year history dedicated to innovation in agriculture, through this joint venture gains direct access to the Greek retail distribution network of agricultural supplies.

K&N Efthymiadis was founded in 1935, has a complete portfolio of plant protection products and seeds, a strong commercial network, state-of-the-art production units and extensive agricultural know-how, satisfying the market demand for the combined provision of products and services that cover the needs of both the farmer and the end consumer. It is the largest company of the Efthymiadis Agrotechnology Group, which is also active in the field of research, production and standardization of seeds, specialized and certified laboratory analyses and contract farming.

BRANDT is known as one of the fastest growing, family-owned companies in the USA. Since 1953, the Brandt family and its partners have remained true to the agricultural philosophy and culture deeply rooted in the Midwest, and to an unwavering commitment to preserving that way of life through quality people and quality products. BRANDT helps families, farms and rural communities secure their income by providing expertise and essential agricultural inputs. With more than 250 products, BRANDT is the preferred choice of farmers growing everything from field crops to fruits and vegetables. BRANDT products are sold in 48 states in the United States and in more than 45 countries worldwide.

The goal of the newly established BRANDT NPO is to help further strengthen the specialized nutrition sector and to become a reliable tool in the common pursuit of a modern and profitable Greek agriculture for all parties involved.