InvestIndustrial's Benvic Europe buys Dugdale

The acquisition of Dugdale is the sixth add-on investment for Benvic in just over 18 months, following the acquisitions of Vinyloop, Plantura and Modenplast in Italy, Alfa PVC in Poland, and Ereplast in France.

The target has been owned by managers David Outen, Darren Rowell and Jeff Ryan since 2014, according to Dugdale's website. 

European mid-market firm Investindustrial acquired Benvic Europe from OpenGate Capital in an SBO in early 2018. 

Company
Founded in 1959 and based at Sowerby Bridge, Dugdale is a PVC compounds specialist focusing on speciality products for a large range of end-markets, including construction, leisure, healthcare, electronics and transport.

The business sold around 26,000 tonnes of PVC compounds in 2018. Dugdale has 125 employees and last year generated revenues of £36m.

People
Benvic – Luc Mertens (CEO).
Dugdale – David Outen (managing director).

Advisers
Equity – Deloitte (financial due diligence); Dickson Minto (legal); Gide (legal).

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