Low & Bonar acquired by Nimbus

JULY  2019

Transaction:

The Dutch fund Nimbus acquired the Belgian & Hungarian department of geotextiles/civil engineering of the British listed group Low & Bonar.

VDP advised the sellers in the sale.

Low & Bonar

The Belgian & Hungarian department of geotextiles/civil engineering of the British listed group Low & Bonar has a turnover of 70 million EUR and has production facilities in Zele (Belgium) and Hungary. The company in Zele has a long history. In 1925, it started out as a jute weaving mill under the name Phormium. After setting up a joint venture with the English Low & Bonar, it was completely acquired by that group in 1987.

Low & Bonar wanted to put this division of their company up for sale with the aim of streamlining its operations and reducing its existing debt position. The company now continues under the name BontexGeo.

For more information: www.lowandbonar.com/nl/

Nimbus

At this moment, Nimbus has over 40 companies in portfolio spread across Europe. The portfolio companies are practically exclusively manufacturing companies with an established market position. Nimbus consists of a team of hands-on investors who bring capital, vision and inspiration to the company.

For more information, see: www.nimbus.com/en/home