SDM-VALORUM advises GROUP DE CONDE in the acquisition by LAMBRECHT
Banden Lambrecht from Sint-Niklaas has acquired the tyre centres, tyre wholesale activities and part of the real estate from Group De Condé in Hasselt, allowing the latter to concentrate further on its European service activity EBTS.
As a result of this transaction, Lambrecht is expanding its tyre retail network with 12 locations in Antwerp, Kempen and Limburg. The activities of Limburgs Bandag Bedrijf, active in the retreading and repairing of tyres from trucks, buses and earth-moving machines, were also included in the transaction.
Frank van Parijs, CEO of Group De Condé, says this is a logical transaction: “There is a clear pressure for scaling up in the tyre market. By joining forces with a strong group such as Lambrecht, the future of the tyre centres and wholesale activities, and of its employees, is assured. ”
SDM-Valorum acted as advisor to Group De Condé in this transaction.