Project Mechano: company specializing in sales of technical parts for industry and agriculture

The scope of this transaction concerns a carve-out (asset deal) of the wallcovering division within a Belgian textile manufacturing group. This division specializes in the design and production of high-quality wallcoverings for both residential and commercial interiors. Project Canvas offers a diverse portfolio of innovative and unique wallpaper solutions that combine aesthetics with sustainability, using advanced production techniques. The department's core strength lies in co-creating customized solutions in collaboration with B2B clients, responding to specific design and functional requirements. In other words: Canvas does not manufacture wallcoverings in its own name, but works closely with its customers to jointly design and manufacture their product lines. The company has a strong market position in Europe, with 80% of sales coming from Belgium, France and the United Kingdom. Consistent quality and service are guaranteed by a dedicated and experienced team of 13 employees. Sales: 2.4 million EUR Average normalized EBITDA: 330k EUR 

Project Vestis specializes in the sale of workwear and offers three types of products: professional textiles, promotional textiles and personal protective equipment (PPE). Project Vestis has a storefront that acts as a physical signboard for the company. The storefront consists of a showroom and a warehouse/basement. This property is optionally part of the transaction. Recurring sales: 455k EUR Normalized EBITDA: 90k EUR

Project Electrical is active in the field of electrical engineering (B2B). The main focus is on the design of electrical drawings for installations. In addition, SME Project Elektra also offers other services such as automation and secondment, as well as consulting services. Project Elektra's staff today consists of about fifteen employees, including freelancers and directors. Project Elektra's customer base is located all over Flanders. Customers are served from 3 strategically located offices, but the company's activities are certainly not tied to these locations. Each of these offices operates under its own company. Reason for sale: the management of Project Elektra is looking for an acquirer for the further expansion of the company as there is no success. Scope of the transaction: 100% of the shares of the 3 companies Weighted sales over fiscal years 2022 and 2023: 1,25M EUR (consolidated) Weighted normalized EBITDA over fiscal years 2022 and 2023: 230k EUR (consolidated) Contact us directly using the contact form below