Sofina invested in Drylock Technologies.

Sofina, a Belgian holding company, invested in Drylock Technologies, a family-owned hygiene manufacturer. Financial terms were not disclosed. Bart Van Malderen, CEO Drylock Technologies, said: “In the past seven years we have been growing and building Drylock at an incredible fast pace. As such we have commissioned four plants from scratch, acquired five others in Russia, Italy, North America and Brazil, whilst leading product innovations with proprietary technology such as the fluffless and channel technology. Today we have a platform that allows us to continuously and rapidly further expand our business and I am pleased to welcome Sofina in supporting the further roll-out of our business plan.”