Jan 12, 2022

Excluton and Gilde Equity Management team up for innovation and growth

Druten, 12 January 2022 - Excluton, a Dutch leader in manufacturing garden tiles and landscaping elements, welcomes Gilde Equity Management as a new shareholder to invest in innovation and execute a joint (international) growth strategy.

As consumers pay increasingly more attention to their house and garden, the demand for garden tiles and landscaping products has continued to soar. Joining forces with Gilde Equity Management is the next step. It will allow Excluton to fully focus on its growth ambitions by investing in product innovation, sales and marketing, as well as further enhancement of its unique production location at the Waal riverbank.

Frans van Haren and Peter Ordelman, management of Excluton: “We are delighted to have Gilde Equity Management as a new shareholder. Gilde has the entrepreneurial profile we were looking for and also deep knowledge of the market for garden tiles and landscaping elements due to their investment in Schellevis. We are very much looking forward to the partnership”

Hemingway Corporate Finance acts as the exclusive sell-side advisor to Excluton's shareholders and management.

The transaction is made for an undisclosed consideration and will be concluded after approval by the antitrust authorities.

About Excluton

Excluton, producer of garden tiles and landscaping elements, supplies a range of products for garden design and design of public spaces. Excluton was founded in 1975 by Mr. Frans van Haren and is strategically located with its head office and production location in Druten, at the Waal riverbank. Excluton is the only garden tile manufacturer in the Netherlands and the first in Europe with a certified Cradle to Cradle recycle system, whereby the company reuses old stones and raw materials to produce new products.

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About Gilde Equity Management

Gilde Equity Management is an independent private equity firm with over €1.5 billion in committed capital. With roots dating back to 1982, GEM is a leading investor in medium-sized companies and has helped many of them to realize international growth. Gilde Equity Management also has extensive experience in business succession and is specialized in digitalization and sustainability. Examples of GEM investments include: Schellevis, a high-end manufacturer of concrete slabs and landscaping elements; Homefashion Group with Kwantum & Leen Bakker, home-furnishing and decoration retailers in the Benelux; VHZ, the leading manufacturer and installer of uPVC windows and doors in the Netherlands; Wasco, a technical wholesaler active in the area of heating, ventilation, air conditioning and sanitary facilities; DPA, a recently delisted secondment specialist, and Actief Interim, one of the biggest independent employment agencies in Benelux and Germany serving the SME sector

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