Investment firm, Riverside, the owners of Dastex Group, has announced an affiliated European fund has signed a definitive agreement to invest in Pure11.
Pure11 is a German distributor of consumables for cleanrooms and other controlled environments.
The investment is the third add-on in 16 months to Riverside’s portfolio company Dastex Group, a specialised cleanroom garment and consumables distributor in Europe.
Cleanroom Technology spoke to Dastex CEO Linda Vereycken in August about the company's upcoming plans.
With pure11, Dastex continues its expansion strategy in Europe
However, closing of the deal is subject to customary approvals by the competent regulatory authorities.
A Partner at Riverside Europe who led the deal, Damien Gaudin, said: "With pure11, Dastex continues its expansion strategy in Europe, acquiring a sizeable independent cleanroom consumables player in the DACH region."
"The company has established a robust market presence through its experienced commercial sales force and strategic distribution partners. This success is further bolstered by maintaining strong relationships with suppliers and leveraging its strong technical expertise," Gaudin added.
We are convinced that our customers, suppliers, and employees will benefit significantly from this new partnership
"Besides strengthening Dastex’s market positioning in the DACH region, the addition of pure11 will further improve the product offering of the Group, diversify end-market exposure, and enable Dastex to integrate a strong management team in place at pure11," Gaudin concluded.
The owner and Managing Director of pure11, Julian Kropp, added: "I am incredibly proud of the pure11 team’s success over the past years."
Kropp believes that the strategic combination with Dastex is the right move for pure11. "[It] will enable us to reach ambitious growth targets even faster by leveraging the combined strengths of two top-notch companies."
"The entire management team and I are excited to start the next chapter, as there couldn’t be a better partner sharing our values of strong commitment, excellence in services, and product innovation," said Kropp. "We are convinced that our customers, suppliers, and employees will benefit significantly from this new partnership."