Holland Venture sells De Ridder to Bunzl

De Ridder's employees will join Bunzl, and the company's management will continue to be involved following the acquisition.

Under Holland Venture's ownership, De Ridder has bolstered its operations both nationally and internationally. 

The firm said it has received an "excellent return" from the investment.

Previous funding
Holland Venture invested in the management buyout of De Ridder in March 2012. The capital was earmarked for national growth as well as entering new international markets. The company also noted at the time it would consider acquisitions.

Holland Venture typically invests anywhere from €500,000-5m in deals of up to €25m in volume. It targets companies that generate €5-50m in turnover.

Company
Founded in 1981 and headquartered in Uitgeest, De Ridder is a supplier of disposable non-food products for the detention centre industry, namely prisons and psychiatric facilities. It provides products within the areas of healthcare, personal care, personal protection, recreation, furniture, constraints and security.

The company also supplies products for forensic investigation, such as hand, body, mouth and eye protection, UV lamps, ink rollers and measuring equipment.

De Ridder expects its revenues to reach €8m for 2014.

People
Michael Roney is the CEO of Bunzl.

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