The Dutch Manufacturing Company (Dumaco) takes over a metal company for the fourth time in a short time. This time it concerns Blokland Metaalbewerking in Hardinxveld-Giessendam, a company with just under a hundred employees.
Dumaco claims to be the largest specialist in sheet metal working in the Benelux. With the latest purchase, it hopes to strengthen its position as market leader in metalworking. After the integration of Blokland, the group has seven affiliated companies with around 700 employees.
Blokland Metaalbewerking, founded more than 50 years ago, consists of two production locations in Hardinxveld-Giessendam. Director and major shareholder Jan-Willem Blokland (56) sells his shares. The purchase amount has not been disclosed.
Blokland Metaalbewerking posted a net result of € 2.3 million in 2018. Cash flow from business operations amounted to € 3.9 million.
Dumaco, which is owned by the Amsterdam investment company Convent Capital, has been around for a few years. The group was formed in 2017 when three Dutch metal companies were brought under one roof.
Director Tom Sanders (50) was appointed to help the companies work together and look forward to expansion. “The sheet metal production capabilities of Blokland are in line with the existing capacity of Dumaco,” he said on Wednesday about the latest acquisition.
Investors Gilde and Parcom are also building a position in Dutch metalworking. Gilde recently bought Veco Precision in Eerbeek, a manufacturing company with 350 employees. Earlier it had also incorporated Esdec in Deventer, good for a turnover of € 45 million.
Parcom Capital is also active in the metal sector. For a few months now, the investment company from Amsterdam has been able to call itself co-owner of 247Tailor Steel in the Achterhoek.