Gregoire-Besson is the successor to the independent manufacturer Rabe Agri, which GB Group acquired in 2011 to supplement its product range and access increased distribution outlets in Europe, especially in Germany. Now, the German arm has filed for insolvency in self-administration, a process that allows a business in financial difficulty to retain possession and control of its assets while undergoing reorganization.
According to board member Simon Schlüchter, the objective of this move is to keep…
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