Gilde Equity Management's Chemogas bolts on Stereo Group

Stereo Group was acquired with available funds from Chemogas and bank financing, Unquote understands.

Gilde Equity Management acquired a majority stake in Chemogas from the Linde Group in an MBO in July 2016 via GEM Benelux III.

Founded in 1975 and based in Grimbergen, Chemogas operates filling and blending facilities for chemical gases. It notably provides packaged ethylene oxide to the medical sterilisation industry, as well as natural refrigerant gases.

Company
Founded in 2008, Stereo Group distributes sterilisation gases. Headquartered in Kuala Lumpur, Malaysia, it exports to the Asia-Pacific region, including Australia and New Zealand. Stereo Group is also building a filling and mixing plant in Manila to cater to the growing local medical devices market in the Philippines.

People
Gilde Equity Management – Frederic Van den Weghe (partner). Chemogas – Dirk Battig (CEO).
Stereo Group – Christophe Marque (president, owner).

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