HEGO
HEGO has been active as an international service center and wholesaler of stainless steel and aluminum for over forty years. The well capitalized group, with revenues of ~EUR. 55m, consists activities as a wholesaler and service center of stainless steel and aluminum. The acquisition by Globitas has given a strong boost to HEGO's growth ambitions. With this new shareholder, the company has entered a new phase with a focus on innovation, digitization and new business models.
About HEGO
Since 1977, HEGO has been active as an international wholesaler and service center in the trade and processing of stainless steel and aluminum. HEGO has a wide range of stainless steel and aluminum sheets and coils in various sizes and alloys, which are available directly from stock. With its own service center (cutting, laser cutting, polishing and decoiling) HEGO guarantees fast customization. Ordered today is often delivered tomorrow.
Investment rationale
Globitas acquired Hego because of its attractive risk-reward dynamics and the company’s growth potential. Initially the investment team focused at the a-location of funds and recapitalization of the company. Based on the value-add knowledge and expertise that Globitas brings, the company can achieve its ambitious goals even faster, with the focus on innovation, digitalization and new business models. The company is also focusing at improving the circularity of the industry and the possibility to offer sustainable produced stainless steel and aluminum.
“Together with available knowledge and experience of our owner Globitas, we have been able to develop HEGO further in recent years. Steel trade is a highly specialized industry. Together we've improved the company’s operational efficiency enormously. In recent years, the order process has been digitalized, and logistics processes have been optimized, partly after the introduction of new systems.” says the CEO Laurens Blok.
In February 2024 the company was successfully sold to a strategic buyer.
For more information see www.hego.nl
Investment date: October 2021
Ticket size: €10-20m
Process: Auction
Type: Equity transaction
Stake: 100%
Exit: February 2024
