Announced
Completed
Financials
Sources
Tags
Friendly
Single Bidder
machinery manufacturing
Acquisition
Machinery: Industrial
Belgium
Domestic
Minority
Private
Completed
Synopsis
BNP Paribas Fortis, a total package of financial services provider, completed the investment in Hannecard, a supplier of industrial roller coverings in rubber, polyurethane, composite and carbide for all major industries. Financial terms were not disclosed. “We focus especially on international growth and on improving our local services.Thanks to on-site partnerships, our technology is also available beyond European borders and we are able to standardize roller coverings. Flexibility and quality are our top priority, but sustainability also plays an essential role. In order to realize these ambitions, we were looking for a reliable financial partner who believes in our growth strategy and is willing to help build our story in the long run. BNP Paribas Fortis Private Equity checked all those boxes," Dirk Vidts, Hannecard Group CEO.
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