Manuchar begins the next chapter in his growth story with new investor Lone Star Funds.
Following a successful development under the ownership of the Maas Family Foundation and Ackermans & van Haaren, Manuchar is pleased to announce the next stage in its growth story by welcoming Lone Star Funds ("Lone Star") as the new majority shareholder (c. 80%) together with its management (c. 20%). With Lone Star, we look forward to engaging with a leading private equity firm that will provide the necessary support and structure to realize our future ambitions.
Phillippe Huybrechs, CEO Manuchar: “We are grateful to the Maas family and Ackermans & van Haaren for the success story we wrote together. We value our new Lone Star investor's trust in our business model, strategy, organization and people. Over the years, we have proven to stand out as the partner of choice in emerging markets and have strengthened our position by excelling in chemical distribution. We owe a lot to the trust of our teams, our customers and our partners. We are excited to continue building on our success story together with Lone Star and continue to fulfill our mission of keeping our customers' production running, anytime, anywhere."
We invite you to read the full note here:
