By joining forces, the two glass processors aim to achieve industrial and commercial synergies to develop their respective businesses, in particular by marketing RIOU Glass' products in the Benelux and Euroglas' range of tempered glass and fittings in France.
Frederik De Knijf, CEO of Euroglas: “We are excited to be joining forces with Riou as we as we look to further expand our one-stop-shop strategy. Combining our shared solutions and expertise is a great opportunity for our clients. We are also very grateful to Dovesco for their active contribution in our successful transformation and growth over the past years.”
Christine Riou Feron, President of RIOU Glass, added: "With Euroglas, we share family values and industrial know-how that are both common and complementary. Through the combination our two companies, we can build the future together, learning from each other's best practices."
Gregory De Clerck, Managing Partner of Dovesco, explains: “At the core of Dovesco’s investment philosophy, we have backed the strong and entrepreneurial management team on its successful journey from a regional champion to a market leader. As the business has reached a scale to expand to new markets, now is the right time for them to join with a new partner and we wish them every success with Riou”
The sellers were advised by VDP (M&A advisor), Eubelius (legal advisor) and LDS (VDD advisor).