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Plastiflex

Employees
c. 1,000
Production Sites
7
Markets
3
Solutions
5
Status
Current
Country
Belgium
Strategy
Small Cap
Sector
Healthcare
Entry
Dec-21
Fund
IK SC III

Leading manufacturer of high-end spiral-winding tube system solutions

Established in 1953, Plastiflex (“the Company”) is headquartered in Beringen, Belgium and is the market-leading global supplier of high-end customised tube system solution to the healthcare, industrials and appliances end-markets. The Company offers mission-critical speciality hose systems and has an industry-leading R&D function which has enabled them to develop, in-house, proprietary technology in spiral-winding and heated / electrical tube systems using PE/ PVC and PU. It also develops its own moulds for the tooling of production lines for clients.

The investment was acquired from 3d investors. The management team will be reinvesting alongside IK Partners to support further growth of the business.

What Attracted us to the Business

  • Fast-growing healthcare market and robust industrial market  
  • Competitive positioning and longstanding client relationships
  • Experienced management team with a strong presence globally
  • Significant growth potential organically and via selected M&A opportunities

Our Value Creation Strategy

We are working alongside management to:

  • Continue growing presence with a focus on the healthcare and industrial markets through share of wallet gains and acquiring new clients;
  • Expand and further develop the product offering to increase the addressable market, particularly in high-flow therapy; and
  • Pursue selective M&A opportunities in the healthcare and industrials markets.

Quote from the Client

“We’re delighted to have IK’s support in continuing to deliver the very best solutions to customers who all operate with complex requirements and in markets benefitting from long-term growth trends, including healthcare and industrials.”

Piet Gruwez, Chief Executive Officer, Plastiflex

Investment Team

Sander van Vreumingen

Partner
Amsterdam

Frances Houweling

Director
Amsterdam