Manutan International : Acquisition of the KRUIZINGA Company
14 Juin 2019 - 06:00PM
Acquisition of the
KRUIZINGA Company,
a major player in
the online distribution of storage and transport equipment in the
Benelux.
Gonesse, June 14, 2019 - The
Manutan Group (www.manutan.com), one of the European leaders in the
distribution of supplies to companies and local authorities, is
pleased to announce the acquisition of 100% of Kruizinga's shares
(www.kruizinga.com), a major player in the online distribution of
storage and handling equipment in the Benelux.
Based in Wapenveld (in the center
of the Netherlands), Kruizinga was founded in 1960 and has
succeeded in developing its business throughout the Netherlands and
also in Belgium and Germany. The company has based its position on
an extensive product range offer, its digital customer approach and
its modern logistics platform. It offers a very large catalog of
more than 15,000 references, spread over 40,000 square meters of
storage space and land, and it has a loyal customer base mainly
composed of companies.
Kruizinga has a turnover of 25
million euros and an operating profit of about 10% of turnover.
This acquisition has been mainly
funded by the Manutan Group's equity capital, whose financial
situation remains as robust as ever.
The acquisition of Kruizinga will
also allow the Group:
-
to enrich its product offer and expertise on
strategic ranges for Manutan;
-
to strengthen its positions on the e-commerce
channel and to offer innovative digital services;
-
to enrich its value-added services by offering
handling and storage equipment rental, as well as the sale of
second hand products within these same equipment ranges;
-
to strengthen its positions in the Benelux, a
market where Manutan already operates with its two historical
subsidiaries in the Netherlands (www.manutan.nl) and in Belgium
(www.manutan.be).
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About the Manutan Group
A family-run
business created in 1966. Manutan is Europe's leading B2B
e-commerce company and specializes in the multichannel distribution
of products and equipment for businesses and local
authorities.
Its vast range of
select products and services is one of the largest offerings in
Europe. This enables the company to meet all of its client's needs
and help them reduce their indirect purchase costs.
With 25
subsidiaries established in 17 countries in Europe, the Group has
more than 2 200 employees and has a turnover of 741 million euros
in 2017/2018. Manutan France was awarded Best Workplaces in
2019.
Manutan
International is listed on Euronext Paris - Compartment B - ISIN:
FR0000032302-MAN.
Manutan International : Acquisition
of the KRUIZINGA Company
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announcement is distributed by West Corporation on behalf of West
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Manutan International via Globenewswire