Equistone is a mid-market private equity investor company. BOAL Group is known as a designer and manufacturer of high-performance aluminium greenhouse roof and side-wall systems for glass and poly greenhouses. Both companies refer to the step as a partnership for strategic growth.
Headquartered in Naaldwijk, the Netherlands, BOAL Group has 48 years of experience in designing and manufacturing aluminium roofing and sidewall systems for greenhouses and holds a strong position in the horticultural greenhouse industry. It also supplies the construction, engineering, and transport sectors with aluminium extrusions. The production of its high-performance products is underpinned by its in-house experience, know-how, innovation and aluminium extrusion capabilities across its sites in the Netherlands (‘s-Gravenzande, Maasdijk, De Lier) and the UK (Shepshed). BOAL Group currently employs c.370 people and generated revenues of c.€155m in 2017.
Marc Arens, Partner at Equistone, said: “BOAL Group already has an impressive market position which provides an outstanding foundation for the next phase of growth. Together with its exceptional management team, Equistone will build on BOAL’s strengths and continue its growth strategy. Our key priorities will be geographic expansion, product innovation and an extension of the Group’s existing product portfolio.”
Ronald Boers, CEO of BOAL Group, commented: “The greenhouse industry is growing rapidly, a development from which BOAL Group is set to benefit enormously. Equistone is the perfect partner for our ambitions and together we will continue to drive the company’s growth plans forward. We can rely on our long-term strategic partnerships with our customers and our long-standing experience and core competence in the extrusion of high-quality aluminium profiles for the greenhouse industry and other markets.”
The completion of the transaction is expected to take place in April 2018.
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