Orkla House Care Acquires Remaining 50% of Anza Verimex from PGZ International
October 1, 2019
Orkla House Care (part of Orkla ASA) has acquired the remaining 50% stake in joint venture Anza Verimex Holding B.V. from PGZ International B.V., making the Benelux painting-tools business a wholly owned part of Orkla. The transaction covers Anza Verimex Holding B.V. (Netherlands) and its subsidiaries PGZ Nederland B.V. (Netherlands) and Anza Verimex NV (Belgium); the group reported aggregate 2018 revenues of ~EUR 20 million and around 10 employees, and will operate as Orkla House Care Benelux.
- Buyers
- Orkla House Care (Orkla ASA)
- Targets
- Anza Verimex Holding B.V., PGZ Nederland B.V., Anza Verimex NV
- Sellers
- PGZ International B.V.
- Industry
- Building Products
- Location
- Netherlands
- Transaction Type
- Buyout
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