During Abris’s ownership, Mykogen developed dynamically over a period of five years, transforming from a mid-sized business into Central and Eastern Europe’s leading substrate producer, in both volume and quality.
Abris helped the company execute a growth plan, tripling Ebtida in Poland organically through the expansion of Mykogen’s existing facilities, as well as through the add-on acquisition of Fungis, a local competitor. In addition, Abris supported the business in order to maintain its revenues and profitability in Ukraine, its second market, despite geopolitical unrest and a 70% depreciation in the local currency.
In 2017, Mykogen was successfully sold to corporate acquirer Greenyard N.V. At exit, the Company was the largest producer of mushroom substrate in CEE and third biggest in Europe.
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