In the continuation of its external growth strategy, CF Group acquires the Dutch company Starline, a leading manufacturer and distributor of polypropylene and composite swimming pools, pool covers and water treatment systems in the Benelux and UK markets.
CF Group consolidates its position as a major player in the European pool market
Founded in 1974, Starline achieved a turnover of 46 MEUR in 2021 with a growth rate of more than 130% over the last 5 years. By generating over half of its revenue in the pool cover segment, it offers strong business synergies with CF Group, which will thus strengthen its leadership in this segment and consolidate its position in the Belgian, Dutch and UK markets.
"This merger is a very positive story for Starline," says Victor de Vries, CEO of Starline. "It will leverage the strong business synergies that exist with CF Group, especially in the German-speaking markets.
"CF Group is very enthusiastic about this acquisition, which will support the growth of our strategic business activities in the coming years," adds Cedrik Mayer-Klenk, CEO of CF Group. "The integration of Starline's industrial tools and complementary expertise will be an asset in the consolidation of our positions in dynamic markets".
CF Group would like to express its warm thanks to Stan Van Gansewinkel, Starline's majority shareholder, for his strategic vision and Victor de Vries for his operational performance, which have directly contributed to the company's exceptional results and growth.
Key figures :
- 316 MEUR of consolidated sales in 2021
- 15 brands
- Established in more than 40 countries
- More than 1200 employees
- 46 MEUR in revenues in 2021
- 8 brands
- 136 employees