16 Jan 2008
ERJ staff report (SS)
Milan, Italy -- Manuli Rubber Industries SpA has acquired Hebu Investments BV, a holding company of The Netherlands- based Hebu Group (HEBU), from Halder, the Dutch buy-out branch of Belgium's largest listed investment company GIMV.
Manuli said, in a 16 Jan statement, that the acquisition will enhance its global position in the retail business, as it will be able to offer its customers a full range of integrated products and high quality services, with strong local presence.
According to the statement, Manuli will retain HEBU's current management.
Hebu is a leading distribution group with focus on hydraulics, it operates through 16 service points throughout The Netherlands and one service point in Belgium. The group anticipates 2007 renevues of around Euro 25 million.
Including HEBU, Manuli now operates a network of more than 110 fully owned service points in France, The Netherlands, Belgium, Poland, The Czech Republic, Slovakia,Hungary, the Baltic states, Ukraine and Argentina.
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