Gimv backs €10m Arplas MBO

As part of the deal, Gimv acquired a majority stake in the family-owned business, alongside the management team, which will own the remaining stake.

According to a statement, the fresh capital will allow the company to boost its expansion in existing markets, with both existing and new customers, as well as further develop its aluminium wielding capabilities.

Company
Headquartered in Amersfoort, Arplas has developed a welding technology for sheet metal applications, named Arplas System. It mainly applies to the automotive industry, including car bodies and other hang-on parts such as doors and bonnets.

Founded in 1971, the company has additional manufacturing and sales facilities in North America and South Korea, and employs 25 people.

People
Gimv – Sander Van Vreumingen (partner).
Arplas – Karel Pieterman (CEO).

Adviser
Equity – PwC (financial due diligence); Codex Partners (commercial due diligence); De Breij Evers Boon (legal); JSA (tax).
Vendor – MBCF (M&A); CMS (legal).

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