IK Partners acquires Plastiflex

IK Partners acquires Plastiflex

IK Partners (“IK”) is pleased to announce that the IK Small Cap III Fund, alongside management, have acquiredPlastiflex Group N.V. (“Plastiflex” or “the Company”) from 3d investors.

Under the ownership of 3d investors and through its technological innovation and state-of-the-art solutions, developed by its research and development functions, Plastiflex has been able to penetrate and acquire significant market share in the healthcare and industrial markets. IK’s partnership with Plastiflex is aimed at driving further above market organic growth in the healthcare and industrial segments with share of wallet gains at existing clients, new client acquisitions and expansion of its innovative product offering to increase the addressable market.

Plastiflex will continue to be led by Chief Executive Officer (“CEO”) Piet Gruwez and his team, who will also be reinvesting alongside IK.

Piet Gruwez, CEO of Plastiflex, commented: “We’re delighted to have IK’s support in continuing to deliver the very best solutions to customers who all operate with complex requirements and in markets benefitting from long-term growth trends, including healthcare and industrials.”

Sander van Vreumingen, Partner at IK and Advisor to the IK Small Cap III Fund added: “Plastiflex is a high potential business with a very interesting market positioning. We’re delighted to be partnering with the Company and its top-quality management team to further support their growth ambitions, both organically and through strategic mergers and acquisitions.”

About Plastiflex

For over 60 years, Plastiflex has been a global leader in plastic hoses and hose systems for various end-uses.

 

Our solutions

The hose system solutions from Plastiflex are second-to-none, especially in these end-use markets:

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