NL – Mid Ocean Brands BV has been taken over by the shareholders of Van Helden/Giving Europe and the current management of Mid Ocean Brands. The former investor group Avedon Capital Partners and ABN AMRO Participations gave the green light for the take-over in mid- April, which is expected to become officially completed in mid-May.
Both companies are betting on the synergy effects in the customising, sales and procurement sectors. They will however continue to operate independently on the market and under their own company names. The operating procedures, contact partners and existing cooperations with the trade will not be affected by the take-over, according to an official statement released by Giving Europe. Rutger de Planque, who has been Mid Ocean Brand’s CEO since October 2012, will carry on running the company.
Adri van Helden, Director and proprietor of Van Helden: “This step fits perfectly within the long-term strategy of our company aimed at expanding our market position within Europe. We expect that this cooperation will lead to significant further development.“
De Planque commented as follows: “As a result of this step forward, we will become an excellent and solidly-financed player in the European promotional products industry, with considerable potential and wide-spread opportunities for growth. Mid Ocean Brands has challenging growth ambitions for the future.“