Blycolin Group, the organization that has been active for over forty years as an international specialist and partner in linen services, has taken over Womitex. The acquisition, which takes place retrospectively with effect from 1 January 2013, includes the Womitex holding company and all subsidiaries in the Netherlands, Germany and Belgium.
“We are obviously very proud of the acquisition,” says Marc van Boekholt, CEO of Blycolin. “Over the past thirty years Womitex, like Blycolin, has built a solid position in the Netherlands and Germany.” The acquisition has enabled Blycolin to take a vital step in strengthening its North European market position. Blycolin has also been active in Belgium, Luxemburg and Poland for many years.
As part of the acquisition, Womitex will take leave of private equity stakeholders Berk Partners and Rabo Participations.
“Service, reliability, quality and personal attention are the key ingredients of our service provision,” explains Van Boekholt.
Stakeholders and directors view the takeover as a logical step in a sector that is marked by consolidation.
Blycolin has been assisted in the acquisition by financial advisor NIBC Bank and legal advisor Heussen. Womitex was aided by financial advisor Vondel Finance.