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17 MARCH 2018 AL CIRCLE

Equistone to acquire aluminium roofing manufacturer BOAL Group

EDITED BY : HEENA IQBAL 2MINS READ

Equistone , one of Europe's leading mid-market private equity investors, announced it will acquire a majority stake in BOAL Group,  a manufacturer of high-performance aluminium greenhouse roof and side-wall systems for glass and poly greenhouses  in the Netherlands. No financial transactions were disclosed. The deal is expected to close in April 2018.

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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."

BOAL Group is a leading designer and manufacturer of aluminium roofing and sidewall systems for greenhouses and holds a market leading position in the horticultural greenhouse industry. The company also produces and supplies aluminium extrusions to the building construction, engineering, and transport sectors.

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."


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EDITED BY : HEENA IQBAL 2MINS READ

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