Project detail - P. EN R. INTERNATIONAL B.V.

P. EN R. INTERNATIONAL B.V.

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Who is our client

Van der Knaap (VDK) is an all-round producer of potting soil for (combinations of) peat and coco. The company is based in Kwintsheul De Lier, in The Netherlands, and has several entities selling potting soil to international end users and to the consumer market. In 2006 Van der Knaap established the first factory for production of coco husk in Sri Lanka. In 2009 and 2010 two more production facilities followed, one in the Dominican Republic and one in India. In Thailand and Turkey production locations were also established in order to secure the supply and quality of peat and coco products. VDK has its own production locations under the commercial label Growrite. Production plants are located near the supply of coco in the various emerging market countries.

Funding objective

In 2012 van der Knaap decided to concentrate all its overseas activities in an intermediate holding company: P. en R. International B.V. FMO's investment will finance equipment and machinery for the various subsidiaries of P. en R. International.

Why we fund this project

Due to the risk involved in its various operations, commercial banks are presently not willing to finance the investments of P. en R .International. FMO's investment is therefore highly addition, and will help to create impact through economic growth, job creation and the production of new sustainable products for the international horticulture market.

Website client
http://www.vanderknaap.info
Country
Global
Sector
Agribusiness, Food & Water
Signing date
10/22/2012
Total FMO financing
USD 4.65 MLN
Fund
Fund Emerging Markets
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B+