On April 1st, Tradin Organic signed a definitive agreement to acquire the shares of Sanmark B.V.
Gerard Versteegh, CEO of Tradin Organic, believes the acquisition of Sanmark will strengthen the range of Tradin Organic in organic oils and help to open up new markets. “The acquisition of Sanmark is expected to further diversify our global oil desk and provide broader access to high and specialty markets”- said Gerard Versteegh. “Through this acquisition we are adding seasoned commercial traders to our team who will be able to leverage Tradin’s global reach in organic oils today, while also expanding our ability to source organic raw materials”
All of Sanmark’s key employees will join Tradin’s team. Mark Bolier, current president of Sanmark, will assume leadership over Tradin Organic’s global organic oil desk, including the recently announced addition of organic avocado oil, sourced from a new Ethiopian facility, and expected to open in the second half of 2019.
Sanmark is a growing sourcing and trading company, focused on organic oils for the food, pharmacy, and cosmetic industries. Sanmark sources raw organic materials globally and generates most of its sales into the European and Asia – Pacific markets.