CM-CIC's Primus acquired by Alliance Laundry

CM-CIC invested €20m in Primus exactly 12 months ago, in exchange for a minority stake alongside controlling shareholder Andlinger, according to unquote" data.

Alliance is a subsidiary of ALH Holding, which is owned by the private equity division of the Ontario Teachers' Pension Plan, Teachers' Private Capital.

Company
Founded in 1911, Primus is headquartered in Gullegem with production facilities located in Pribor, Czech Republic, and Guangzhou, China. The company also operates sales offices in Lyon, Dubai, Barcelona and Hong Kong.

Primus was originally founded as a manufacturer of household washing and dishwashing machines. In 1970 the group changed focus to commercial laundry equipment.

Today, Primus manufactures commercial laundry machines for hotels, restaurants, hospitals, nursing homes and laundromats. Specifically, the company produces commercial washer-extractors, feeding and folding equipment, tumble dryers and irons under its Primus, Lavamac and Deli brands.

The company employs around 560 staff and generates turnover of €87m.

People
Eddy Coppieters is the CEO of Primus, while Mike Schoeb is the president and CEO of Alliance.

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