Who Owns Greenyard Company?

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Who Really Owns Greenyard?

The ownership structure of a company is a window into its future. Greenyard, a global leader in fresh produce, is making a significant move. Founder Hein Deprez and his family plan to take the company private, delisting it from Euronext Brussels. This shift has big implications for Greenyard SWOT Analysis, its shareholders, and its strategic direction.

Understanding the Greenyard ownership structure, including its history and the influence of Greenyard investors, is key to evaluating its potential. From its roots as a mushroom farm to its current status as Greenyard NV, this evolution reveals much about the company. This analysis will delve into the key players, the changes in Greenyard shareholders, and the implications of this major ownership transition, helping you understand where Greenyard is headed.

The story of the Greenyard company begins with Hein Deprez, who started a mushroom farm in 1983. This initial venture laid the groundwork for what would become a major player in the fresh produce market. His sister, Veerle Deprez, also played a vital role in the early stages, contributing significantly to the development of the business.

The Deprez family's involvement has been central to the company's evolution. Their strategic decisions and consistent investment have shaped Greenyard's trajectory. This family-led approach is a key characteristic of the company's ownership structure.

Early ownership of Greenyard, or rather its predecessors, saw the Deprez family steadily increasing its influence and control. The Deprez family's commitment to the business is evident through their continued investment and strategic moves.

Key Ownership Milestones

The Deprez family's ownership has been a consistent factor in the company's strategy. Several key events highlight the evolution of Greenyard's ownership structure, showing a clear path of consolidation and strategic acquisitions. These moves have solidified the family's control and influence.

• In 2005, Veerle Deprez acquired a 33% share in Pinguin, a publicly traded frozen vegetable producer.
• By 2007, the Deprez family held a majority stake in Pinguin.
• In 2014, Hein Deprez increased his share in PinguinLutosa to 42%, after which it was renamed Greenyard Foods.
• The current Greenyard NV was officially established in 2015 through the merger of Univeg, Greenyard Foods, and Peatinvest, solidifying the Deprez family as the principal shareholder.

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The ownership of the [Company Name] has seen significant changes, marked by strategic mergers and alterations in major shareholdings, culminating in a move toward privatization. As of April 2025, the Deprez family, through Deprez Holding & Food Invest, held 37.7% of [Company Name]'s shares. The company also held 4.48% in its own shares (treasury shares), with a free float of about 29.6%.

A pivotal moment in [Company Name]'s ownership history is the proposed takeover bid by the Deprez family, supported by Solum Partners LP, announced in April 2025. This plan aims to delist [Company Name] from Euronext Brussels and return it to private ownership under a new holding company called Garden, registered in Luxembourg. Garden intends to offer €7.40 per share to acquire the approximately 29.7 million shares (57.73% of total shares) not currently owned by the Deprez family, valuing [Company Name] at around €220 million. This offer represents a 37% premium on the share price as of April 1, 2025.

Major [Company Name] shareholders, including Alychlo NV (9.5% or 6,928,572 shares as of March 2024), Sujajo Investments SA (7.1% or 3,657,145 shares), Agri Investment Fund BV (4.7% or 2,419,579 shares), Mr. Joris Ide (3.0% or 1,547,286 shares), and Mr. Marc Ooms (indirectly through family holding companies), collectively holding 30.04% of all shares, have committed to tendering their shares in this offer. If successful, Solum Partners will become a co-controlling shareholder of Garden alongside the Deprez family. This shift is intended to provide [Company Name] with a more stable capital base for achieving its strategic priorities. Explore the Growth Strategy of Greenyard for more insights.

Key Takeaways on Greenyard Ownership

The Deprez family is the major shareholder of Greenyard, with a significant stake in the company.

• The company is moving towards privatization, with a takeover bid in progress.
• Key institutional investors hold shares in Greenyard NV.
• Major shareholders have committed to the takeover bid.
• The shift aims to provide a more stable capital base for the company.

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As of March 31, 2024, the board of directors of the Greenyard company comprised nine members. This includes one executive director and four independent directors. The board's composition reflects a commitment to diversity across various dimensions, including age, gender, skills, and experience. This structure is designed to ensure a broad range of perspectives in decision-making processes. Understanding the roles and affiliations of these individuals is crucial for Greenyard investors and anyone interested in Greenyard ownership.

Key figures on the board include Hein Deprez, the Executive Director and founder, who transitioned from co-CEO in early 2024 to focus on strategic vision. Koen Hoffman serves as the Independent Chairman. Other notable members include Veerle Deprez, Valentine Deprez, Marc Ooms, Els Degroote, Aalt Dijkhuizen, Gert Bervoets, and Dirk Van Vlaenderen. These individuals represent a mix of expertise and affiliations, contributing to a well-rounded governance structure. For more insights, you can explore the Marketing Strategy of Greenyard.

The voting structure at Greenyard generally follows a one-share-one-vote principle. The Deprez family, through Deprez Invest NV, Food Invest International NV, and the Andreas Fonds partnership, holds a significant stake, controlling 37.73% of the voting rights. This substantial ownership gives the family considerable influence over the company's strategic direction. Decisions by the Board of Directors are made by majority vote, with a focus on achieving consensus whenever possible, ensuring a balance between shareholder interests and effective governance. This is important for Greenyard shareholders to understand.

Ownership and Influence at Greenyard

The Deprez family's significant ownership stake grants them considerable influence over Greenyard's strategic direction. The Board of Directors operates under a Corporate Governance Charter. The Nomination and Remuneration Committee monitors potential conflicts of interest.

• Key board members include Hein Deprez as Executive Director.
• The voting structure is primarily one-share-one-vote.
• The Deprez family holds a significant percentage of voting rights.
• The Board has the authority to increase share capital.

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Over the past few years, there have been significant shifts in the ownership structure and strategic direction of the Greenyard company. A noteworthy recent development is the proposed takeover bid by the Deprez family, supported by Solum Partners LP. This bid, announced in April 2025, aims to delist Greenyard NV from Euronext Brussels and transition it to private ownership. The Deprez family seeks to acquire the remaining shares not already held by them at €7.40 per share, valuing the company at approximately €220 million. This move is designed to stabilize the capital base and support long-term strategic goals, with the Board of Directors fully supporting the offer. This is a major change for Greenyard shareholders.

In terms of leadership, Francis Kint became the new CEO of Greenyard on January 1, 2024, replacing Hein Deprez and Marc Zwaaneveld, who previously shared the role. Hein Deprez now serves as an Executive Director on the Board, concentrating on vision and strategy. Nicolas De Clercq joined as the new CFO in September 2023. These changes reflect the company's ongoing evolution and adaptation to market dynamics. Furthermore, the company has been active in share buyback programs, with a new program commencing around March 15, 2024, for up to 1,250,000 shares, extending until September 2026. The 1-Year Share Buyback Ratio as of September 2024, was 0.90%.

These ownership and leadership changes, along with strategic acquisitions and partnerships, highlight Greenyard's commitment to long-term stability and growth. The company has also been focused on expanding its product offerings and market presence through acquisitions like Crème de la Crème in April 2024, and by entering exclusive negotiations with Gelagri in March 2025. For a deeper understanding, consider reading a Brief History of Greenyard.

Ownership Structure

The Deprez family's proposed takeover indicates a shift towards private ownership, aiming for long-term stability. This move could reduce the immediate pressures associated with being a publicly traded company.

Strategic Direction

The leadership changes and acquisitions suggest a focus on innovation and market expansion. These efforts aim to enhance Greenyard's position in the food industry.

Financial Performance

For the fiscal year 2024/25, Greenyard reported a 5.1% increase in like-for-like sales to €5.3 billion. However, adjusted EBITDA dropped to €183 million, and the company posted a net loss of €2.9 million.

Future Outlook

The company revised its EBITDA outlook for 2025/26 to between €190 million and €200 million. Sales outlook is confirmed to be €5.40 billion by March 2026, indicating a focus on sustainable growth.

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