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.
Location
Netherlands
Transaction Type
Buyout

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