Pump specialist Luitec B.V. incorporated in family of entrepreneurs

Client

Sellon B.V. is a service specialist in primarily seals, but also pumps and disc spring technology. From its location in Moerdijk approximately 15 full-time employees are working daily for the businesses, mostly in processing and food industries. The company represents around 10 international top brands. Relations with these brands go back to the 1970s.

Objective

Sellon’s customers are located in the Rotterdam, Moerdijk and Antwerp regions. However, the opportunities in the Rotterdam region had not been fully exploited. Partly for this reason, parties in the Randstad region were targeted, to instantly improve geographical coverage.

Since Sellon attaches major importance to service they were not just looking for a technical wholesaler. Service, maintenance and overhaul had to be a significant division of the target company.

Marktlink’s role

On behalf of Wim van Steenis, Marktlink Mergers & Acquisitions supported the entire process, from orientation, introduction and negotiation to arranging bank financing, legal support and transfer of the notarial deed.

Results

Mr Wim van Steenis, together with his brother Karel, acquired 100% of the shares in Luitec B.V. from seller Aad Luiten. Through the acquisition, Sellon not only extended its geographical coverage but also gained access to new markets (maritime sector) and products. In turn, Luitec will benefit from Sellon’s know-how and expertise.

Quote

“Marktlink’s dynamic approach resulted in a great deal between Sellon and Luitec. We are looking back on a successful transaction.”