EOS leaves Brazil and the Netherlands
The EOS Group has separated from its subsidiary EOS Hoepers in Brazil. While the South American company worked profitably, it did not perform to the expectations of the EOS Group’s Board of Directors. Given the difficult economic and political conditions in the country, there was no prospect of improving the results. The Managing Director and former owner of EOS Hoepers, Manfredo Hoepers, has acquired the EOS shares and is again running the family business on his own.
In Europe, the EOS Group is withdrawing from the Dutch market after 35 years. At the end of 2016, the Group will close the subsidiary EOS Nederland, which, despite stabilisation measures, could not be successfully positioned.