Hydratec Industries NV is in final negotiation for the acquisition of Helvoet Holding B.V. Helvoet is internationally active in custom-made development and manufacturing of rubber and plastic components and assemblies. Helvoet’s renowned customers are active in automotive, food-tech, health tech and industrial control. Helvoet has sales and manufacturing locations in the Netherlands, Belgium, Germany and India. The consolidated turnover is about € 75 Mio.
Bart Aangenendt, CEO of Hydratec:
“The acquisition of Helvoet fits very well in the growth ambitions of Hydratec. Helvoet’s technological knowhow of the development and production of plastic and rubber components and assemblies helps us in expanding the current plastic activities of Hydratec.”
This transaction will be proposed for final approval to a general shareholdings meeting according to article 2:107a BW. The workers councils are informed about the planned transaction.
Profile Hydratec Industries NV (Hydratec)
Hydratec is an industrial holding company with companies engaged in the following sectors:
1. Development and production of Agri & Food Equipment by Pas Reform Hatchery Technologies (Zeddam, Holland) en LAN Handling Systems (Tilburg, Holland)
2. Development and production of plastics-parts and-packaging by Timmerije (Neede, Holland) and Euro Mouldings (Nijverdal, Holland)
Hydratec Industries NV is listed at NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)