Hannecard rolls out growth plans thanks to BNP PARIBAS FORTIS Private Equity participation
BNP Paribas Fortis Private Equity joins the capital of Hannecard Group. Thanks to this participation, Hannecard can fully commit to sustainable and responsible growth, both on local and international level.
Today Hannecard is internationally active and present on all five continents. Thanks to the minority participation of BNP Paribas Fortis Private Equity, the company is ready for a new chapter and optimally prepared for the next growth phase.
“We focus especially on international growth and on improving our local services”, says Dirk Vidts, CEO of Hannecard Group. “Thanks to on-site partnerships, our technology is also available beyond European borders and we are able to standardize roller coverings. Flexibility and quality are our top priority, but sustainability also plays an essential role. In order to realize these ambitions, we were looking for a reliable financial partner who believes in our growth strategy and is willing to help build our story in the long run. BNP Paribas Fortis Private Equity checked all those boxes.”
Potential global player
“We have been the home banker for many years and have an excellent relationship with Hannecard,” said Raf Moons, Head of BNP Paribas Fortis Private Equity. “But it is their strongly substantiated growth plan that convinced us to participate. Hannecard is a solid Flemish SME with the potential to become a global player. With innovative ideas, technological improvements and new product developments, they are steadily conquering a worldwide niche market. A story that we would like to participate in.”
Efficiency and sustainability
In addition to the production of industrial roller and roller coverings, Hannecard is also fully committed to Research & Development. The company annually spends a substantial part of its turnover on R&D to develop new products and IT applications in the context of cost savings, but also more sustainability. In addition to developing new products and improving existing solutions, the R&D team attaches great importance to making production processes more efficient and sustainable.
For example, since 2004, no more CMR-type (carcinogenic, mutagenic or reprotoxic) raw materials have been used. And thanks to a track & trace system, they can better monitor all installations and predict their maintenance, which prevents a lot of wear, breakage and therefore waste.