Borstlap Group Bought by Dutch Equity Firm
November 18
00:00
2004
Borstlap Group Bought by Dutch Equity Firm
Jason Sandefur
Dutch fastener distributor Borstlap Group signed an agreement to be purchased by ABN Amro Capital, the private equity unit of Dutch bank ABN Amro, Dutch News Digest reports. The deal, which is expected to close in mid-December 2004, gives ABN an 85% stake in Borstlap, while current management maintains 15% ownership. Terms were not disclosed.
Borstlap Group was established in 1947 and is based in Tilburg, southern Netherlands. Borstlap, which handles the Fabory fastener brand, is an international fastener distributor with 85 offices in 15 countries. The company employs 1,500. Web: fabory.com �2004 FastenerNews.com
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