Bankruptcy looms as Arend-Sosef suspends all operations

Posted On 12 Feb 2014
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business_arend_sosefWESTLAND, the Netherlands: The Dutch horticultural engineering and supply company Arend-Sosef  is close to filing for bankruptcy now that there is no longer money available from the bank.

The company, weighed down by debt, decided today to suspend all operations. The estimated 300 employees at its subsidiaries in Honselersdijk, Aalsmeer, Bemmel, Emmen, Venlo and Zwaag were sent home.

The news that bankruptcy looms (or that the company could be sold off to relieve its enormous debt) has shocked both the local community and the horticultural business world. Arend and Sosef have been trustworthy brand names on the horticultural centre stage for many years and originally started as family businesses.

In November 2011, Dutch Nic.Sosef, a premium supplier of horticultural products to growers and retailers in the Netherlands and horticultural engineering company Van der Arend Tuinbouwtechniek including its export division Tebarint  joined forces. Despite this merger the newly established Arend-Sosef was unable to offer its customers continuity.

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