Mentha has entered into an agreement with SPC Group to accelerate the company’s (international) growth. SPC specializes in protective coatings within the metal industry, serving a diverse and respected clientele in various sectors including energy, infrastructure, and industry. The Belgian company aims for faster international growth, both organically and through acquisitions, with the Netherlands as starting point. Besides international expansion, further expansion in Belgium remains on the agenda.

Since its establishment in 2021, SPC has become a successful specialist in industrial coating with nationwide coverage. Operating throughout Belgium with five strategic locations, the company has the capacity and expertise to serve customers, small and large, across various sectors, with various types of coatings, both on-site and at its own facilities.

With seven previous acquisitions, the service offering is significantly expanded, and the market position has been strengthened. Now is the time for the next phase, where SPC’s solid growth track is accelerated with Mentha’s support. International expansion is prioritized, with the Netherlands as initial focus.

Mentha has acquired a majority stake, while the founders and broader management team remain shareholders and responsible for the daily management and further expansion of SPC.

Anthony Demaerel and Yves de Mild, founders of SPC, are excited about the collaboration with Mentha. Demaerel said “We are very excited to continue our growth journey with Mentha in the coming years. With SPC, we have taken significant steps in Belgium in recent years and aim to actively expand our footprint in the Netherlands in the coming period.” De Mild added, “In addition to sector experience and a broad network in the Netherlands, Mentha shares the same no-nonsense approach and entrepreneurial culture as SPC.”

Ruben Stove, Mentha: “We are impressed by the expertise that SPC brings to the table, as well as the way they contribute to the professionalization of the conservation market. Regulations and associated compliance requirements are becoming increasingly strict, where scale and expertise only work in favor of players like SPC. In addition to the existing business, we see numerous growth opportunities that we want to realize together with the entire SPC team in the coming period.”

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