Parcom Capital backs MBO of CTS
Parcom acquired aluminium specialist CTS alongside management for an undisclosed amount.
The financial details of the transaction have not been disclosed.
At the same time as the MBO, CTS acquired Walex, a Dutch industrial supplier. The deal was motivated by prospective portfolio synergy. This add-on acquisition is in line with the strategy behind the buyout.
Company
CTS is a producer and supplier of aluminium products for the tank storage industry.
The firm has a turnover of €40m. CTS operates out of 10 offices, with headquarters in Barendrecht, the Netherlands. It was founded in 2004.
People
Gert van Meijeren is the CEO of CTS.
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