Kramp acquires Genfitt in Ireland

Jul 05 2023

Kramp acquires Genfitt in Ireland 

5th July, 2023

Kramp has announced the acquisition of Genfitt in Ireland. It is expected that the coming together of the two businesses will strengthen their position in the Irish market.

Genfitt was established in 1973 in Kiltimagh, Co. Mayo and has grown to be the largest independent wholesale supplier of components, machinery parts and spares to the agricultural industry in Ireland. Working from their distribution hub in Kiltimagh, they can dispatch orders to any part of the country within 24 hours. Kramp has a similar history, having been founded over 70 years ago by Johan Kramp in Varsseveld, Netherlands. It now operates in 24 countries and aims to become the essential partner in parts and accessories for the agricultural industry.

Strengthening its position in Ireland is an important next step in Kramp realising its growth ambition given the significance of the Irish agricultural industry. As part of its growth strategy, Kramp seeks strong partners with whom it can build long-term relationships and generate mutual benefits. Genfitt’s leading position in the Irish market is rooted in its commitment to service excellence, technical and market expertise, a loyal customer base and a diverse product portfolio.

The similarities between the two companies make the move a great fit. Together, they will continue to build an even stronger presence in Ireland. Their customers will gain access to a wider assortment, improved delivery times, and an additional network of suppliers, partners, technical knowledge, and services.

The owners are proud of what Genfitt has achieved since they acquired the business in 2005 and have been delighted to support the business and its staff to its 50th anniversary, explains Paul Duggan, one of the selling shareholders. He is sure that Kramp is the best possible owner of the business for the next 50 years, and the business will develop in a way which would not have been possible without Kramp’s ownership.

“In bringing Kramp and Genfitt together, we will become the essential partner in the Irish agricultural industry,” says Kramp Group CEO Eddie Perdok. “I’m proud to be back in Ireland, 15 years after McHugh and Kramp decided to go their separate ways. Together with Genfitt, we create a strong company based on highly competent teams, leading brands, and state-of-the-art operations. We strive to accelerate Genfitt’s growth in Ireland by broadening the product portfolio and leveraging Kramp’s digital capabilities. Based on these factors, we will further develop and strengthen our market position in Ireland”.

Kramp has announced that it will be business as usual for the next period as they proceed with the integration step-by-step. They will keep their partners informed as they proceed.

Kramp Genfitt acquisition contact:
Mark Weetink
Region Commercial Director
Kramp Group BV
Email: mark.weetink@kramp.com

Ronan Egan
Managing Director
Genfitt Mayo Ltd
Email: ronanegan@genfitt.ie

About Kramp  
Kramp Group is Europe's largest specialist in parts and accessories for the agricultural industry. With more than 500,000 products available online, 11 distribution centres and 24 sales offices across Europe, Kramp is the essential partner for its customers and suppliers. Kramp Groep was founded in 1951 and is headquartered in Varsseveld (The Netherlands). It's that easy.

About Genfitt
Genfitt was established in 1973 in Kiltimagh, Co. Mayo to supply spare parts and accessory products to re-sellers and retailers in the farming, engineering and hardware trades. The company has grown successfully over the intervening 50 years to become one of the leaders in the agriculture and farming industry.

Genfitt is a leader in the distribution of spare parts and private label products in Ireland. It’s main office and 3000sqm warehouse is located in Kiltimagh, Co Mayo, Ireland. Genfitt employs over 55 people. 

The company changed hands in 2005 and the new owners have maintained the values and traditions which made the Genfitt name successful while introducing new innovations and technology to serve our customers even better.