– Corporate Finance
– Private Equity
Blanchon, a leading European specialist in protective and decoration coatings and a portfolio Company of IK Invest and Abenex, acquired the Dutch company Rigo Verffabriek.
Founded in 1832, Blanchon is a specialist in protective and decoration coatings for wood and vinyl substrates for indoor and outdoor applications. The group services more than 8000 customers globally and is recognized for its high quality and sustainable product offerings, and its local technical expertise to support customers. Blanchon group was first to launch in 2020 a complete wood care Bio-based product offering for professional and end-consumers. It operates through 7 subsidies located in France, Belgium, Italy, Poland, UK, USA and China and employs ~400 people.
The Rigo Verffabriek Group is specialised in the development and production of finishing products for parquet, furniture and wood for more than 80 years, with a focus on professional segment in the Netherlands. The Group consists of a production and distribution company in the Netherlands, located in IJmuiden, and employs ~55 people, all based in the Netherlands.
For Blanchon, it is the second acquisition in the Benelux and part of the Group’s strategy to accelerate its international growth and become a European leader.
Clairfield is actively helping Blanchon and its shareholders IK Invest and Ibanex in realising this strategy and advised on both transactions.