Raak Metals partners up with Gilde Equity Management

Tilburg, 20 February 2020 – Raak Metals, a leading regional recycler of ferro and non-ferro metals, welcomes Gilde Equity Management (GEM) as a new investor.

"In 2017, we celebrated our 100^th anniversary. Since Raak Metals was founded by my great-grandfather Antoon van Raak, we have become a leading metal recycler in the southern part of the Netherlands. We have achieved this position due to our complete service offering and expertise in recycling of ferrous and non-ferrous metals. Our clients consist of corporates, local SMEs and individuals who we serve through one of our three locations.", says Maarten van Raak, CEO and owner of Raak Metals. "We are delighted that a leading private equity investor such as Gilde supports Raak Metals in its next phase of growth. With Gilde on board we found an experienced partner to become a leading national player in the metal recycling market."

“Gilde is impressed by the rich family history of Raak Metals and its development over the last couple of years. With the opening of a new location in Best in 2014 and the acquisition of Martens Metaal in 2018, Raak Metals has established a firm basis for further national growth. We want to support Raak Metals to become a national leader and have a strong believe in the strategy that has been set out to do so.” says Gerhard Nordemann, managing partner of Gilde Equity Management.

About Raak Metals Group

Raak Metals Group is a recycler of ferrous and non-ferrous metals with locations in Tilburg, Best and Elst. In 2019, Raak Metals recycled almost 80,000 tons of metal. The company offers a complete service to its clients including container services, recycling advise and (on-site) disassembly. The container service includes placing (at the client’s site), changing and weighing containers with metal scrap. After the purchase of metals, the company recycles and delivers it to end-users. In order offer these services, Raak Metals has its own fleet of trucks and containers. The recycling advise includes consulting clients on the optimum separation of their metal waste. In addition, Raak Metals offers (on-site) disassembly services for machines, installations and other constructions that contain high quantities of metal. Through the acquisition of Martens Metaal in 2018, Raak Metals also adopted an expertise in the disassembly and recycling of transformers, power cables and cast iron. Finally, clients can bring scrap metal to one of Raak Metals’ locations as well.

About Gilde Equity Management

Gilde Equity Management (GEM) is an independent private equity firm with EUR 1 billion of assets under management. Since its foundation in the mid-90s, Gilde has been one of the leading investors in the SME market and has successfully achieved (international) growth with many of its (former) portfolio companies. Examples of GEM’s investments are Dunlop, a leading global manufacturer of protective footwear; Fruityline, a producer of premium freshly squeezed fruit and vegetable juices and smoothies; Wasco, a technical wholesaler in the field of HVAC and sanitary equipment; Actief Interim, one of the largest staffing companies for the SME segment in the Benelux and Germany; Eiffel, a specialized consultancy firm in the field of legal, finance and process; ; Kwantum & Leen Bakker, leading discount retailers in the Dutch and Belgian home furnishing and decoration sector; For more information, please visit our website https://www.gembenelux.com/.