Mentha Acquires Majority Stake in SPC Group

April 11, 2024

Mentha has acquired a majority stake in Belgian industrial coatings specialist SPC Group to accelerate the latter’s international growth, with the Netherlands as the initial expansion market. The founders, Anthony Demaerel and Yves de Mild, and the broader management team remain shareholders and will continue to run daily operations as Mentha supports further organic growth and acquisitive expansion.

Buyers
Mentha
Targets
SPC Group
Sellers
Founders (Anthony Demaerel and Yves de Mild) and broader management team
Location
East Flanders, Belgium
Transaction Type
Buyout

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