Triodos Organic Growth Fund has taken a minority stake in DO-IT, a leading company that buys organic products from farmers – predominantly in developing countries – and sells them throughout Europe. The long-term investment from Triodos Organic Growth Fund supports DO-IT in its ambition to considerably increase the offering in organic products and improve the position of local farmers.
DO-IT was founded in 1991 by Poppe Braam, driven by a strong commitment to stimulate organic farming and build up sustainable trade relations with farmers in developing countries and buyers in Europe. The company built up relationships with 170 suppliers in more than 20 countries in Asia, Africa and Latin America, from which DO-IT buys over 850 products; from nuts, quinoa, dried fruit and sugar to rice and olive oil.
The company works very closely with local farmers and cooperatives and shares knowledge about organic farming practices. DO-IT has also launched two consumer brands – La BIO IDEA and Amaizin – which are available in European health-food stores.
Riëlla Hollander, Fund Manager Triodos Organic Growth Fund: "DO-IT is a great addition to our portfolio. It is the first Dutch company in the portfolio of Triodos Organic Growth Fund and is also a world-class player because of its close cooperation with local producers from all over the world. Triodos Organic Growth Fund invests in sustainable companies across the entire value chain and with our investment in DO-IT we have added a company that is active at the very beginning of this chain. DO-IT wants to further grow the offering in organic products and we look forward to sharing our knowledge and expertise to realise this ambition."
Poppe Braam, majority shareholder and CEO of DO-IT: "An increasing number of consumers make a conscious choice for organic products. To meet this increasing demand it is essential to increase organic cultivation, also in developing countries. Thanks to the long-term relationships we have built with farmers and producers in the past years we are in the position to contribute to this increase, and put the interests of the farmers first. In Triodos Organic Growth Fund we have found an investor who shares this vision and commits itself for the long-term to help us realise our growth and other ambitions."
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Press release Do-It