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Principle agreement for the acquisition of STAJA Machinery and STAJA Construction by Royal Reesink

13 Apr 2017

Royal Reesink N.V. ('Royal Reesink') has reached an agreement in principle with the shareholders of Staja Beheer B.V. on the acquisition of all shares in the capital of Staja Beheer B.V. and its affiliated companies Staja Machinebouw B.V. and Staja Constructie B.V. (Hengelo, Gld.) ('Staja'). Staja Wapening B.V. and Eureka-Staja B.V. are not part of the transaction and will continue independently.

Staja and Royal Reesink have had various business ties for many years. Staja produces transport trucks and machines for manure processing for Royal Reesink KAWECO. Other Royal Reesink activities such as Reesink Steel and Motrac Hydraulics are certainly no strangers to Staja either.

This acquisition gives Royal Reesink the opportunity to meet the growing need for a well-equipped organisation and location for production and/or assembly activities. This need was reinforced by the recent acquisition of Lalesse Europe, a specialist in stacker cranes and automated warehouse solutions. The acquisition of Staja serves directly to realise the strong growth at Lalesse Europe. In addition, this acquisition fits in with the intention to set up a knowledge centre that can, in the broadest sense of the word, put its development power at the service of Royal Reesink.

This transaction is expected to be completed in the summer of 2017.

Apeldoorn/Hengelo, 13 April 2017

Management Royal Reesink N.V.                             Shareholders Staja Beheer B.V.

Staja profile

Staja was founded in 1976, is based in Hengelo (Gld.), and has approximately 60 employees. Staja Machinebouw focuses mainly on the production of agricultural machinery (KAWECO and TopLiftStaja). Staja Constructie produces a wide variety of steel products, especially for other departments within Staja but also directly, for example, for machine manufacturers.

For more information, please contact:

Mr G. van der Scheer, CEO Royal Reesink N.V.
Tel.: +31 (0)575-599301 

Please make an appointment free of obligation via +31 (0)88-134 2900 or email info@reesinkproduction.nl