Royal Reesink has successfully divested Reesink Staal to Veerhaven Capital Partners
May 2018 — Royal Reesink N.V. has sold Reesink Staal BV to Veerhaven Capital Partners BV, a private equity firm based in the Netherlands.
Reesink Staal, with a history dating back to 1786, is a value-added wholesaler and distributor of steel products. These include beams, rods, plates, pipes and blank steel. Its customers are mainly active in the construction of residential and non-residential new buildings and machinery. Reesink Staal offers various in-house steel adaptations, which represents 80% of it business.
Royal Reesink is a distributor of leading brands in agriculture, horticulture and landscape maintenance. The products are supplied, primarily through dealers, to farmers, agricultural contractors, landscape contractors, golf courses, municipal and government authorities, water boards and forestry services. It is primarily active in Western Europe (mostly the Benelux, Germany, and the UK) as well as in Kazakhstan and Turkey. The company is positioned as the trusted distribution partner in selected geographies for a set of leading OEMs. Depending on the end-market characteristics, Reesink is active as a wholesaler or retail distributor and selectively operates a rental business as well.
Our role in the transaction
Oaklins' team in the Netherlands was mandated to sell various non-core business segments of Royal Reesink.
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