The Riverside Co.’s RE Panels S.A. has completed the add-on of Swiss manufacturer TECSEDO to add to its European Panel Company S.A. subsidiary. The addition of TECSEDO cements European Panel’s leadership position in the European market of traditional and finger-safe sandwich panels for overhead doors. TECSEDO, which sells in 29 countries, complements European Panel in terms of customer base, product lines, manufacturing capability and supplier relationships. “TECSEDO offers premium products at an excellent price,” Riverside Partner Karsten Langer said in a statement. “This addition brings key new markets to the EPCO group while increasing production capacity and optimizing sales for both companies. Customers should be delighted to have access to an even broader product range.” The addition of TECSEDO comes as European Panel has begun production at its new factory in Poland. The group now has production facilities in Belgium, Poland and Switzerland. Working with Langer on the deal for Riverside were:
- Senior Operating Partner Fabio Pesiri
- Principal Damien Gaudin
- Associate Michele Volpe
Financing was provided by CBC Banque and Belfius. Riverside was advised by Allen & Overy, Advocatenkantoor Parmentier, WalderWyss, Deloitte and Munich Strategy Group. BDO AG advised sellers and the company.
