The Belgian Private Equity fund KeBeK has, together with Alain Bostoen (Algimo NV), acquired a majority stake in the Hygienic Solutions Group (HSG).
HSG is a specialist in hygienic wall and ceiling protection. HSG consists of 4 companies: Polysto, B-Hygienic, Isokonstrukt and Puraco. HSG provides solutions for the complete furnishing of hygienic spaces for companies mainly active in the food processing industries and in the health care industries in order to limit the contamination risk of bacteria. The solutions provided by HSG have a number of unique characteristics, such as easy to clean, scratch proof, anti-fungal, water resistant, chemical resistant, and easy to install. HSG was established in 1991 by Alex Moreels, who is in charge of the daily management together with Nick Van den Bosschelle. In the course of 2021, Alex will withdraw from the operational management and transfer his responsibilities to a new CEO. The group employs 40 persons and is located in Lokeren, Belgium. HSG operates worldwide and was recently involved in projects in a.o. Jamaica, South Korea, the United States, Russia and Algeria. The group expects to realize a turnover in 2020 of around 15 million EUR.
Proost Ventures provided the organizational and integration concept of the 4 companies in The Hygienic Solutions Group to KeBeK Private Equity.
Download here in pdf the detailed Case Study Integration Concept – Hygienic Solutions Group
Client testimonial
“The Hygienic Solutions Group appeared attractive to us from a deal and market perspective, but we had questions to fully understand the degree of integration between the 4 companies and the integration work still to be done. During the acquisition phase Proost Ventures developed the integration concept of the 4 companies of the Hygienic Solutions Group by understanding up to a granular level the degree of integration of the 4 companies and in outlining the blueprint for the future organisation and processes. The end-result was a comprehensive and actionable organisation concept of the 4 companies. Proost Ventures facilitated operational workshops with both management and KeBeK to develop a common understanding and transparency.,” says Floris Vansina, the Managing Partner of KeBeK Private Equity.
About The Hygienic Solutions Group
The Hygienic Solutions Group (HSG) is a specialist in hygienic wall and ceiling protection, providing solutions for the complete furnishing of hygienic spaces for companies mainly active in the food processing industries and in the health care industries in order to limit the contamination risk of bacteria. HSG consists of the companies Polysto, B-Hygienic, Isokonstrukt and Puraco.
Polysto focuses on hygienic wall and door impact protection solutions, including self-developed curbs, as well as plinths, polyethylene strips, bollards and barriers in stainless steel and accessories. The curbs are prefabricated out of a patented material, namely a composite that consists of a mix of mainly quartz and resins. The curbs are commercialized under the CleanRock™ brand name.
B-Hygienic is specialized in the design, assembly and commercialization of sustainable hygienic walls and ceilings, using fiberglass reinforced polyester sheets that are laminated by insulation or cement panels. The unique walls and ceilings of B-Hygienic can be used for both new construction works, as for renovation projects. In addition, B-Hygienic provides the fixing material, the accessories and the tools for installation.
Isokonstukt is the installation company of the group and is mainly active in the Benelux. Isokonstrukt is in charge of the complete installation of a hygienic space, using products of both Polysto and B-Hygienic, as well as products of third parties.
Puraco is focused on the health care industry, including hospitals and pharmaceutical companies, with dedicated consulting work.
The group employs 40 persons and is located in Lokeren, Belgium. HSG operates worldwide and was recently involved in projects in a.o. Jamaica, South Korea, the United States, Russia and Algeria. The group expects to realize a turnover in 2020 of around 15 million EUR.
More info: www.thehygienicsolutionsgroup.com – www.polysto.com – www.b-hygienic.com – www.isokonstrukt.be – www.puraco.eu
About KeBeK Private Equity
KeBeK is an independent Belgian private equity fund, that invests in solid, medium-sized companies with a demonstrable potential for further value enhancement. KeBeK actively supports the management teams of its portfolio companies with the implementation of a jointly defined corporate strategy. KeBeK generally acquires controlling stakes, without, however, interfering with the daily operations. The fund is managed by 4 partners, who have been working together for many years and who have a proven track record in the private equity industry. KeBeK’s capital is provided by renowned institutional investors, family offices, and successful entrepreneurs.
More info: www.kebek.be
About Proost Ventures
Commercial Due Diligence, Strategy, and Corporate Finance
Proost Ventures is an independent Advisory and Strategy Consulting boutique specializing in Commercial Due Diligence, strategy advisory, and M&A. Proost Ventures is specialized in a number of industries including Renewable Energy, Healthcare, Industry e.g. Automotive, and Financial Services (Banks, Insurance Companies, Stock Exchanges, Index providers, Private Banks, Asset Finance,…).
More info: www.proostventures.com