Industri Kapital to invest in Magotteaux

Industri Kapital has signed an agreement to invest in Magotteaux, a world leading supplier of grinding media for the cement, mining, aggregates and dredging industries.

Founded in Liège (Belgium) in 1920, Magotteaux is a world leader in grinding media and wear resistant parts for the cement and mining industries. It is focussed on preparing metallurgical advanced grinding media for a variety of industries that involve crushing and grinding processes. Products include grinding balls and wear tables, diaphragms and linings for mills

"Industri Kapital's reputation to actively support the development of its partner companies as well as its long term vision and commitment for the development of the company, have been key elements in our choice. My successor, Bernard Goblet, takes over the management of a profitable group with appropriate means to meet its worldwide ambitions" said Jean-Jacques Verdickt. The arrival of Industri Kapital confirms the mission started 3 years ago by the exiting CEO.
As of completion of the transaction, Industri Kapital will obtain a significant stake in Magotteaux' capital. This is the first step of the implementation of the expansion plan of the company with a view to a listing in the medium term.

"We have been impressed by the technological positioning of Magotteaux combined with its ambition to reinforce its position of global market leader in their niche. We look forward to assisting Magotteaux in its pursuit of organic growth as well as growth through acquisitions" said Kristiaan Nieuwenburg, Partner at Industri Kapital.
The transaction has been notified to the merger control authorities.

Contacts:

Industri Kapital:
Kristiaan Nieuwenburg, Partner
Tel: +44 20 7304 4308

Charlotte Laveson, Communication manager
Tel: + 46 8 678 95 51

Magotteaux:
Bernard Goblet, CEO
Tel: +32 43 617 617
Magotteaux