Gilde Equity Management buys conTeyor in SBO

The GP used its vehicle GEM Benelux IV for the transaction, Unquote understands. 

Down2Earth acquired a 55% stake in ConTeyor, a manufacturer of textile-based reusable packaging systems for the B2B industry, from family group Hugenholtz for €3.5m in 2013. Management acquired the remaining 45% stake. Turnover has since grown from €26m in 2013 to €66m in 2017, through a combination of organic growth and bolt-ons.

Gilde's backing is expected to help the company accelerate growth in North America, where its customers already include Tesla and BMW.

Company
Founded in 1996, ConTeyor produces reusable, textile-based packaging used in the transport of scratch-sensitive parts. Headquartered in Merelbeke, the business has production locations in the Netherlands, Germany, Poland, the Czech Republic, Mexico and Turkey.

People
ConTeyor – Jos van Bree (founder); Jo Buekens (CEO).
Gilde Equity Management – Gerhard Nordemann (managing partner). 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Exits
• Benelux
• Industrials
• Belgium
• Gilde Investment Management
• Secondary buyout