Tianli distributor EATD to sign deal with new investor at Agritechnica
A new investor is coming on board at EATD B.V. The agricultural tyre distributor won’t disclose the identity of this new investor until a letter of intent is signed at next week’s Agritechnica show in Germany. EATD nevertheless shares its anticipation that the new investor partnership, agreed upon following extensive negotiations, will lead to a “clear course of growth for the company and the Tianli brand”.
“Over the past six years we have generated considerable growth from our own funds and as a company we are firmly on our feet,” commented Wolfgang Lüttschwager, general manager of EATD, upon visiting Tianli manufacturer Tutric last month. “Now is the time to take the next step. In a market that has come under severe pressure, we have succeeded in securing further know-how and sufficient financial resources. We look forward to the signing”.