2000-03-15

Industri Kapital forms new textile rental group in the Benelux

Industri Kapital has formed a new textile rental group in the Benelux, through the combination of three family-controlled companies: Rentex Fortex in the Netherlands and Derere and Deckers in Belgium. The new group, which will be named Fortex, is already looking for further acquisition opportunities.

Rob van den Akker, CEO:
“This merger gives us the resources and critical mass to continue the rationalisation of the sector in the Benelux. We are interested in making more acquisitions to increase efficiency, improve regional coverage and extend the range of services offered to our customers. We now can accelerate the transformation of our company from an industrial laundry into a textile rental logistics company.”

Fortex:
The new Fortex group is a leading provider of textile rental and industrial laundry services in the Benelux. Main customer categories are hospitals (bed-linen, hygienic products and work-wear) and companies (uniforms and work-wear). Rentex Fortex, based in Eindhoven covers Southern Netherlands with 9 plants in the region. Derere Industries, headquartered outside Brugge is one of the market leaders in Belgium. Theo Deckers in Antwerp is specialised in rental and laundry services to hotels. The three companies together had a turnover of Euro 53 million in 1999 and employ 1,200 people in Belgium and the Netherlands. The current shareholders of the three companies have decided to remain in the new group and have retained minority shareholdings.

Industri Kapital:
Industri Kapital is a leading Continental European private equity fund with equity capital under management in excess of Euro 2 billion. Since 1989, 35 investments have been made in European companies in various industries. The fund investors are mainly well-known European institutional investors. Previous investments in the Benelux include Continental Bakeries (pan-European biscuits group based in Barendrecht, Netherlands), Pieters (fish processor based in Brugge), Amas (specialised forwarder based in Amsterdam) and Intrum Justitia (pan-European credit services provider based in Amsterdam).

For more information please contact:
Rob van den Akker, Fortex, tel: +31-40-290 1534
e-mail address: r.vandenakker@fortex.rentex.nl
Gustav Öhman, Industri Kapital, tel. +44-20-7304 4300
e-mail address: gustav.ohman@industrikapital.com

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