Common Ground Corporate Finance is happy to announce that Gimv invests in EcoChem International, a Belgian company engaged in innovation, product development, manufacturing and distribution of eco-friendly flame retardant additives which are mainly used in building & construction, transportation and electronic applications.
Common Ground Corporate Finance acted as the exclusive strategic and financial advisor to EcoChem International.
Founded in 2000 by Herman Meynaerts and Pieter Daeseleire, the company has a track record of steady growth with a turnover of about EUR 25 million serving clients in 25 countries. Headquartered in Olen (Belgium), EcoChem operates 2 production facilities located in Willlebroek (Belgium) and in Offenbach (Germany).
With this investment Gimv takes a majority stake, alongside the founders. This financing will be used to support EcoChem’s ambitious growth strategy through both international expansion and entrance into new product segments.
Matthias Vandepitte, Principal at Gimv: “We are excited to support EcoChem in their ambitious growth strategy. The goal of this partnership is to further strengthen Ecochem’s market position, to enter into new markets and to expand the business on a global level. Future-oriented niches in specialty chemicals is one of the key focus investment areas of the Sustainable Cities platform and we look forward to doing more investments in this area.”
Joris Coppye, former CEO of specialty chemical distributor Azelis and currently partner at Common Ground, will join EcoChem to further shape the company’s growth plans. The partners of Common Ground would like to sincerely congratulate Joris with this appointment and wish him all the best with this new venture.