Fronnt boosts its ambitious growth trajectory and energy transition mission with the entry of three new leading installation companies

GIMV

Fronnt, a group of installation companies founded in partnership with Gimv, welcomes three more leading installation companies. Besides the acquisition of Electro Verbeke in Deinze, Van Vooren/Setec in Bruges and TAC! (The Airconditioning Company) in Wilrijk join the group thanks to the pooling of forces with the investment company Tilleghem. Together they aim to accelerate the energy transition in Flanders.

Making buildings and industrial processes more energy efficient, electrifying heating and mobility, and implementing new technologies and business models are crucial to the success of the energy transition. For this, various technologies such as heat pumps, charging stations, solar panels and batteries must be able to interact with each other. Currently, this complexity is still too much placed on the customer. In response, Fronnt wants to completely unburden the customer by offering a multi-technical approach. To this end, Gimv and Fronnt bring together medium-sized installation companies, often of family origin, with a great deal of relevant knowledge and experience, based on the conviction that these forerunners, or “Fronntrunners”, can be even stronger in a larger context while retaining their own unique identity and customer service.

Fronnt was initially created in the first half of 2022 with the acquisitions of Lenaerts/LVR and ABN Klimatisatie. Not much later, Climawest and Sanitel also joined the group. Now, Fronnt is pleased to announce a further expansion of the group with the addition of Electro Verbeke, Van Vooren/Setec and TAC!. The acquisitions of the latter two companies came about through a joining of forces with the investment company Tilleghem. As a result, Tilleghem also becomes a shareholder of Fronnt to realise together with Gimv, the mission to make Fronnt the leading group of installation companies in Flanders.

Geert Fostier, CEO of Fronnt, on this important step forward: “Last year, in July, the first two companies jumped on the Fronnt-train, and shortly afterwards Climawest. With Van Vooren/Setec and Electro Verbeke we bring on board two companies specialised in electrical work, data systems and automation. TAC! (The Airconditioning Company) is a quality partner for HVAC and plumbing. Together with our existing companies, they further strengthen Fronnt’s DNA: guiding our customers through their energy transition by means of our integrated multi-technical approach. These three companies will find in Fronnt a large, stable and healthy group where they experience the benefits and operation of an SME.”

Ruben Monballieu, Partner at Gimv Sustainable Cities, adds: “These acquisitions mark an important step forward in our ambition to build a leading group of installation companies. We are excited about the growth trajectory we have achieved so far and look forward to further strengthening Fronnt and providing solutions to the challenges posed by the energy transition together with Tilleghem and all the passionate Fronnt entrepreneurs.”

Piet Van Waes, Partner at Tilleghem: “We are enthusiastic to join forces with Gimv, Fronnt and its cluster of strong installation companies. Our vision and strategy fit seamlessly with the path mapped out by the Fronnt managers and entrepreneurs. We share the ambition to build Fronnt into a sustainable and innovative player in the ecosystem of multifunctional installations and energy transition”.

 

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Ratos company HENT signs a new billion NOK contract with Statsbygg – construction of part of the Norwegian Ocean Technology Centre in Trondheim

Ratos

Statsbygg, which manages most of the Norwegian government’s property portfolio, has selected HENT as the general contractor for the construction of the Norwegian Ocean Technology Centre Wing B. The project is a partnering project and one of Norway’s most unique construction projects.

HENT and Statsbygg are now entering the partnering phase of the project in preparation for the start of construction towards the end of the first quarter of 2024. The new Norwegian Ocean Technology Centre, which is expected to be completed in 2027, will play an important role in the green transition. It will help to secure Norway’s position as a leading port nation through the development and transformation of the local, national and international maritime industry. The centre will include a 300-metre-long ocean basin building measuring approximately 25,000 square metres, and that is what HENT is now building.

“It is gratifying that HENT has been awarded yet another important contract for the construction of critical infrastructure and another landmark in Norway. We will also do our utmost to uphold the confidence once again shown in HENT by Statsbygg. This is a complex project that requires considerable experience and an extraordinary partnering ability. It will be great to get started,” says Christian Johansson Gebauer, Chairman of the Board of HENT and President, Business Area Construction & Services, Ratos.

The centre will house office premises, meeting rooms and an underground parking garage as well as wet and dry laboratories, which in turn will house two ocean basin facilities. Working together with the equipment suppliers for the basin laboratories will be an important component of the partnering phase.

“We are very proud to have been awarded this contract. The facility will be a world leader in its area and is an important acknowledgment for HENT. It feels particularly gratifying to be able to contribute to Trondheim’s development since HENT has its roots and head office there. The Norwegian Ocean Technology Centre will be an important building for Norway, and we look forward to beginning the partnering phase and creating a solid foundation for implementing the project,” says Jan Jahren, CEO of HENT.

The projects carried out by the companies in Ratos’s Construction & Services business area mainly comprise infrastructure maintenance and commercial buildings, with very limited exposure to housing construction (<5% of net sales).

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Endre Persen, VP Communication, HENT, +47 916 89 929

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 32 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Cinven agrees to acquire MBCC Admixtures

Cinven

International private equity firm, Cinven, today announces that it has signed an agreement with Sika AG (SWX: SIKA) to acquire MBCC Group’s Admixtures business (‘MBCC Admixtures’ or ‘MBCC’).

MBCC Admixtures is a leading global manufacturer of concrete admixtures, as well as other sustainable solutions for the construction industry. The business provides value-added technology and chemistry expertise to improve the performance of construction materials and to enable the reduction of CO2 emissions in the production of concrete.

Headquartered in Mannheim, Germany, MBCC Admixtures has global operations, with more than 1,600 employees and 35 production sites across the UK, the USA, Canada, Europe, Australia, and New Zealand. The business operates under the “Master Builders” brand, and has market-leading R&D capabilities, with three international R&D centres and more than 170 professionals focused on product development and innovation.

Cinven’s acquisition of MBCC Admixtures builds on its significant expertise in the admixtures market through its successful investment in Chryso. Under Cinven’s ownership, Chryso grew to become a leading player in the admixtures market.

The transaction also underscores Cinven’s reputation as one of the leading investors in industrial carve-outs in Europe. Since 2020, Cinven has completed the carve-outs of TK Elevator from thyssenkrupp AG (2020), Arxada (formerly Lonza Specialty Ingredients) from Lonza Group AG (2021) and Envu (formerly Bayer Environmental Science) from Bayer AG (2022). Cinven is one of the leading investors in Germany and the wider DACH region. In addition to the aforementioned carve-outs, recent Cinven Funds’ investments headquartered in Germany include think-cell (2021) and dogado group (2023, combination with group.ONE), as well as Viridium Group (2019), STADA (2017) and Synlab (2015).

Cinven’s Industrials sector team and DACH regional team identified MBCC Admixtures as an attractive investment opportunity, given:

  • The company’s leading market positions and longstanding history of innovation in the sector, underpinned by its high-quality product portfolio and extensive technical capabilities;
  • The strong long-term growth outlook in admixtures, which has consistently grown faster than the broader construction sector driven by the critical nature of admixtures to enhance the properties and performance of concrete;
  • The ESG benefits of admixtures due to their key role in reducing the carbon footprint of concrete production;
  • The resilient features of the admixtures market, with higher exposure to infrastructure spending, which has historically proven to be more resilient through the economic cycle than the broader construction sector; and
  • The multiple growth opportunities for the business on a standalone basis, including through further investment in R&D and innovation, focused on developing new products that enhance CO2 reduction in concrete and cement production, commercial excellence, and selective geographic expansion.

Pontus Pettersson, Partner at Cinven, commented:

“Cinven is delighted to make this investment in MBCC Admixtures, a business we have long admired and whose progress we have followed closely. MBCC brings together a number of attractive qualities – it is a global leader in its sector, has great potential for further growth and innovation, and plays a key role in helping cement and concrete producers to reduce carbon emissions. We are very much looking forward to helping the business to realise its full potential through a long-term growth strategy.”

Anthony Cardona, Partner at Cinven, added:

“We are confident that Cinven’s successful prior experience of investing in the admixtures sector and its strong track record in carve-outs from companies in the Industrials sector in Europe will allow us to create significant opportunities for MBCC Admixtures as an independent business. This investment endorses Cinven’s position as a leading partner for European industrial corporates looking to divest businesses to responsible, experienced and growth-oriented investors.”

Thomas Hasler, CEO of Sika, said:

“Cinven with its huge expertise in this sector is an ideal partner for continuing the successful growth path of this business which in turn will create significant opportunities for MBCC employees.”

Completion of the transaction is subject to regulatory approvals and is currently expected to complete in the first half of this year. Relevant employee representatives will be informed and consulted on this transaction according to the laws of involved countries.

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AURELIUS Equity Opportunities subsidiary BMC Benelux acquires the builders’ merchant activities of Botha

Aurelius Capital
  • Third strategic add-on acquisition for BMC Benelux
  • Strong fit to the BMC network, strengthening the position in East Flanders

Munich, February 14, 2023 – AURELIUS Equity Opportunities announces the add-on acquisition of Botha’s builders’ merchant activities to BMC Benelux, a leading Belgian building materials merchant. Botha’s single site will complement BMC Benelux’s branch network across West and North Belgium.

After successfully completing the Vandevoorde transaction in December of last year, the acquisition of the Botha site in Aalter further strengthens BMC Benelux’ position in East Flanders by making an entrance into the Ghent region. Botha has a strong position in the Aalter region, on which BMC Benelux will build to further grow the business after integration into its network. The site will trade under the YouBuild brand going forward and is expected to bring substantial operational and commercial synergies. This acquisition proves strong momentum in BMC Benelux’s ongoing buy-and-build strategy.

BMC Benelux is one of the leading companies in a large Belgian market that remains highly fragmented. Operating the two brand names YouBuild and Mpro, BMC Benelux primarily targets small and medium-sized professional customers in the construction industry. The chain of merchanting locations has a dense branch network throughout the country, a wide product range and excellent services, such as delivery, cutting and rental of specialty tools. BMC Benelux has been part of AURELIUS since October 2019.

Botha is a family-run building materials supplier headquartered in Aalter.

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Ratos company Vestia signs contract for approximately SEK 700m with City of Mölndal to build new school

Ratos

Vestia Construction Group (Vestia) has signed a contract with the City of Mölndal for the new construction of Västerberg School and Bifrost Preschool in Mölndal. Västerberg School will accommodate 570 pupils from the age of six to 12 (Year F–6) in 9,500-square-metre premises including a full-size sports hall and is scheduled to be completed in March 2025. Bifrost Preschool will be the largest preschool in northern Europe with 14 classes housed in 4,200 square metres. Two classes will be specifically tailored for children with functional diversity and two will be open preschool classes offering activities for children who are not yet enrolled in preschool. The preschool will be completed in December 2024.

Västerberg School and Bifrost Preschool are part of the Lyftet programme, a strategic partnership between the City of Mölndal as the developer and Vestia as the general contractor. The programme includes eight projects: preschools, schools, and education centres. The ground was broken in December 2022 for the extensive refurbishment and extension of Building C at Almås School in Lindome, which is also part of the programme.

 

“Ratos’s construction companies are building a sustainable society by constructing sustainable commercial real estate and providing the state and municipalities with buildings that are important for society. We are very proud that we have been entrusted to build these schools in Mölndal. It is important to help provide a good environment for children and young people,” says Christian Johansson Gebauer, Chairman of the board of SSEA Group, which includes Vestia, and President, Business Area Construction & Services, Ratos.

 

In total, Västerberg School, Bifrost Preschool and Almås Building C entail a contract cost/order intake of SEK 669m for Vestia.

“The strategic partnership between the City of Mölndal and Vestia means that we are now initiating three additional school projects. It is incredibly gratifying to see how our strong partnership in 2022 has now resulted in the start of production for future school premises in the municipality,” says Christian Wieland, CEO of SSEA Group, which includes Vestia.

 

As part of the Lyftet programme, the refurbishment of Building H and Building L at Fässberg School has been completed, and at Stretered School one building is being refurbished and planning of another is in progress. Future projects will be carried out at Hålsten Preschool, Östergård School and Rävekärr School.

 

About the school projects

–          Developer: City of Mölndal

–          General contractor: Vestia Construction Group

–          Architect: Liljewall

–          Size: Västerberg School, gross area 9,500 square metres; Bifrost Preschool, gross area 4,200 square metres; Almås Building C, gross area 4,100 square metres

–          Contract cost: SEK 669m

 

About SSEA Group

SSEA Group is a Swedish construction group with operations throughout the country. The Group contributes to building sustainable communities. The focus for the operations is projects with implementation in collaboration/partnering where the customer’s most important priorities are high on the agenda. The group has the two subsidiaries: Vestia and SSEA AB.

För mer information, vänligen kontakta:
Josefine Uppling, VP, Communication, Ratos, +46 76 114 54 21, josefine.uppling@ratos.com
 

About Ratos

Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. The companies have approximately SEK 30 billion in net sales (LTM). Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Ratos Company Aibel wins contract for the construction of unmanned platform on the Norwegian continental shelf

Ratos

Aibel has been awarded a contract by Aker BP for constructing the Munin platform (formerly Krafla) in the Yggdrasil area. The contract has a value of around NOK 7 billion.

The contract is an EPChc contract where Aibel is responsible for engineering, procurement and construction connected with delivering an unmanned process platform, also known as an UPP.

The project will be based on Aibel’s FEED (Front-End Engineering and Design) for Krafla UPP, now Munin, which was awarded in 2021. Key priorities for the project have been safety in design, minimal maintenance requirements and simplification of systems and functions on the platform using high-reliability equipment, automation, and digitalisation, applying a so-called “design to operate” philosophy.

Munin will be the first process platform on the Norwegian continental shelf designed from start for ordinary operation without a crew.

“We will soon close a fantastic year for Aibel. In times of geopolitical unrest and following energy crisis, Aibel contributes to secure energy supply in our part of the world. That, together with the fact that the order book continues to contain many contracts within renewables, means that we are very proud owners today,” says Christian Johansson Gebauer, member of the board of Aibel and President, Business Area Construction & Services, Ratos.

Project management, procurement and engineering services will mainly be carried out at Aibel’s Oslo office, with peak staffing of around 300 people. Construction will take place at Aibel’s yards in Haugesund, Norway and Thailand.

“We are proud and honored to enter into a partnership with Aker BP. With this contract award, we are once again consolidating our position as a leading supplier within critical infrastructure. We really look forward to delivering on the UPP concept, which we have developed together with Equinor, and being among the pioneers of future platform solutions,” says Aibel’s President and CEO, Mads Andersen.

The development of the Yggdrasil area is subject to approval by the Norwegian Parliament (the Storting).

For further questions, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a business group consisting of 16 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 28 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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British chain Jewson to join STARK Group

CVC Capital Partners

600 branches and distribution centres change ownership in a GBP 740 million (in EUR 850 million) transaction from the French manufacturer of building materials Compagnie de Saint-Gobain SA to STARK Group A/S, which is headquartered in Copenhagen and has operations in the Nordics, Germany, and Austria. The Group is a European leader in retail and distribution of heavy building materials to professional craftsmen.

Saint-Gobain has chosen STARK Group in a competitive process as the best future owner of the British retailer and distributor of building materials from 1836, which since the year 2000 has been owned by Saint-Gobain.

The parties have signed an agreement that will see STARK Group acquire and operate Saint-Gobain Building Distribution Ltd, which includes Jewson the general builders’ merchant, strong local brands Gibbs & Dandy and JP Corry in Northern Ireland, the specialist brands Jewson Civil Frazer and Minster, as well as International Timber.

The transaction is based on an enterprise value of GBP 740 million (in EUR around 850 million). The acquired business is expected to generate net sales of around GBP 2.3 billion (in EUR 2.7 billion) in 2022.

STARK Group is among Europe’s fastest-growing retailers and distributors of building materials, achieving annual pro forma net sales of around EUR 9 billion (in GBP 7.75 billion), including the British acquisition.

In 2019, STARK Group acquired Saint-Gobain’s German distribution business, including strong brands such as Raab Karcher, Melle Gallhöfer, Keramundo, and Muffenrohr. The German company has since doubled net sales through organic growth and acquisitions.

Group CEO Søren P. Olesen says: “We have a strategy that successfully focuses on professional craftsmen and the renovation and maintenance market, which this acquisition fits very well into. In 2019, we bought Saint-Gobain’s German distribution business, and there are many similarities in this acquisition. We will do our utmost to develop, grow and invest behind the company making it the professional craftsmen’s preferred choice in the UK. We have acquired a business with whom we can continue our growth journey.

Quotes

We are on a strong growth trajectory, at the heart of which is being a good corporate citizen

Søren P. Olesen CEO, STARK Group

“Despite the current tough macro-economic environment, the fundamental drivers for the renovation and maintenance market in the UK with its large need for energy renovation in the coming decades are attractive. We are on a strong growth trajectory, at the heart of which is being a good corporate citizen, we value all of our existing employees and are proud of our contributions to bringing down emissions.”

Focus on professional craftsmen and passion for sustainability

STARK Group went through a financial and strategic turnaround from 2016 to 2018, which set the company on its current path to growth. The company has since developed its business with the aim to make life simpler for professional craftsmen, offering better advice and services, as well as investing in the branch network and distribution centres. STARK Group is known for its employee engagement and customer satisfaction, both of which are among the best in the industry.

Sustainability is a key focus area for STARK Group. Across all of its markets, the Group explores and provides sustainable and innovative offerings, including its recycled wood ‘Rewood’ concept, as well as partnerships with suppliers and other partners. The Group has committed to the Science Based Targets initiative (SBTi) and is progressing well in bringing down emissions to zero by 2050 at the latest. STARK Group is rated among the top 1% of 75,000 companies rated on sustainability by EcoVadis. Earlier this year, the Group was awarded the prestigious Auditors’ CSR Award 2022, together with Mærsk, for its reporting on sustainability.

The transaction is expected to close in the spring of 2023.

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Nordstjernan to forge new partnership with OBOS in the construction company NCC

Nordstjernan

The Norwegian company OBOS, a leading property developer in Norway that is also growing rapidly in the Swedish market, is to acquire 6.5 percent of the capital and 23.1 percent of the votes in NCC from Nordstjernan. OBOS possesses broad and in-depth industry know-how of the entire value chain, both as a residential developer and as the principal owner of the listed construction companies Veidekke and AF-Gruppen.

 

“We are very pleased about the opportunity to acquire this shareholding in NCC, which is one of the leading construction companies in the Nordic region, and we are looking forward to assuming an active role in developing the company together with Nordstjernan, the company’s Board of Directors and management,” says Daniel Kjørberg Siraj, CEO of OBOS.

 

“We look forward to having OBOS as a partner that is an expert in the sector. As an active owner, Nordstjernan has positive experiences of working in various forms of partnership. This year alone, we have, for example, invested in the diagnostics company Aidian and entered a partnership with the Norwegian holding company Ferd. The transaction with OBOS is similar to this model. NCC’s Board of Directors and management do a great job, and we believe in the company. As a continued active owner of NCC, we see that considerable long-term value creation remains,” says Peter Hofvenstam, CEO of Nordstjernan.

 

The transaction consists of 5 million Class A shares and 2 million Class B shares, with a purchase consideration amounting to SEK 772.5 million, corresponding to a volume-weighted price per share of about SEK 110. Following the transaction, Nordstjernan’s ownership amounts to about 5.0 million Class A shares and 4.7 million Class B shares, corresponding to 8.9 percent of capital and 24.3 percent of votes.

 

“For the last number of years, Nordstjernan has been undergoing a strategic transformation. This year alone, we have invested SEK 3 billion in new companies such as engcon, Norva24 and Aidian. From investing almost exclusively in a single sector – construction – we now have active investments in five sectors,” concludes Peter Hofvenstam.

 

Peter Hofvenstam

President and CEO

Nordstjernan AB

 

Questions will be answered by:

 

Stefan Stern, Head of Communications, Nordstjernan

Telephone: +46 70 636 74 17

E-mail: stefan.stern@nordstjernan.se

 

 

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

 

At the start of Nordstjernan’s modern history in 1999, the only company in which it owned a stake was NCC. Since then, the portfolio has been diversified through returns, value creation and investments based on the sole company owned at that time.

 

Since 2020, Nordstjernan has developed a new sector-based strategy with long-term active investments in high-quality companies in sectors with sustainable competitive advantages and strong structural market trends. Less than one-fifth of Nordstjernan’s net asset value is currently comprised of holdings in the Construction & Real estate sector. Instead, the Health sector accounts for about one-third of the portfolio and the Industry & Trade sector accounts for more than two-fifths. The majority of the net asset value is currently derived from privately owned companies. The business consists of both listed and unlisted portfolio companies as well as corporate credits. More mature companies have also been supplemented with investments in smaller growth companies.

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BGF invests £5 million in Northern Irish façade specialists, Clarke Group

BGF

BGF has invested £5 million in Clarke Group, a building façade specialist based in Ballymena, Northern Ireland, to support its growth across the UK and Ireland.

Founded in 1996 by Michael Clarke, the family-owned business specialises in innovative design-led façade projects, providing an end-to-end service to blue-chip construction industry clients such as Berkeley, Morgan Sindall, and Balfour Beatty.

With a strong market reputation for producing high quality, sustainable products and cutting-edge designs for high-rise commercial and residential buildings, Clarke has recently experienced growth averaging 25% each year since 2018 and delivered revenue in 2022 of close to £30 million.

In June 2022, the business also opened a new high-spec head office and state of the art offsite manufacturing facility in Ballymena to support team expansion as it aims to become an industry leader in the coming years.

The investment from BGF will support a strong order book as Clarke continues to scale across the UK and Ireland.

BGF’s Talent Network has also introduced Adrian Ringrose, an experienced leader within the construction industry, to the business as Non-Executive Chair.

With increased regulation regarding the fire safety of high-rise buildings post-Grenfell, the demand for safe and sustainable façades and cladding has increased. Our market leading designs and sector-experienced team mean we’re fast becoming the partner of choice for top tier construction firms across the UK.

Eugene Clarke, managing director of Clarke

“It was important for us to find an investment partner that could provide not only capital, but also expertise at Board level to support the company as it scales. The access to BGF’s network has been invaluable and we’re also delighted to welcome Adrian to the team.”

BGF has now invested c.£65 million into Northern Irish businesses, making it one of the most significant investors in the region.

Chris Nixon, investor at BGF, added: “The UK façade market dynamics are extremely strong and double-digit sector growth will be underpinned in the long term by fire safety and ESG-related demand. When you combine this with Clarke’s track record of quality and excellence, its impressive customer base, and a focussed and experienced management team, we believe the business is perfectly primed to take further market share in the coming years. We’re delighted to be supporting the business at such a pivotal point in their growth journey.”

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AURELIUS Equity Opportunities subsidiary BMC Benelux acquires Vandevoorde Bouwmaterialen

Aurelius Capital
  • Second strategic add-on acquisition for BMC Benelux in 2022
  • Strengthening of BMC´s market coverage in Belgium

Munich, November 25, 2022 – AURELIUS Equity Opportunities announces the second strategic add-on acquisition for BMC Benelux, a leading Belgian building materials merchant operating the two brands in the B2B sector (Youbuild and Mpro). BMC Benelux acquires the family-owned builders’ merchant Vandevoorde Bouwmaterialen NV.

The acquisition will enhance BMC Benelux´s customer service and better align the company with its supplier partners. Furthermore, Vandevoorde will contribute to the development of the BMC Benelux national network and expand the company´s footprint in the Belgium region of East and West Flanders. The site will be developed to a new hub for the Youbuild network. With approximately 90 % of Vandevoorde´s customers being B2B-professionals, the firm is well-positioned to support BMC Benelux’s growth strategy.

BMC Benelux is one of the top five players in a large market that remains highly fragmented. Operating two brand names: YouBuild and Mpro, BMC Benelux primarily targets small and medium-sized professional customers in the construction industry. The retail chain has a dense branch network throughout Belgium, a wide product range and excellent services, such as delivery, cutting and rental of specialty tools. BMC Benelux has been part of AURELIUS since October 2019.

Vandevoorde Bouwmaterialen is a building materials merchant based in Wortegem—Petegem. The company offers a site with approximately 19,000 m2, a showroom and four trucks.

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