Today, Hannecard is internationally active and present on all five continents. Thanks to the minority stake held by BNP Paribas Fortis Private Equity, the company is ready for a new chapter and optimally prepared for its next growth phase.
“Our focus is on international growth and improving our local service”, says Dirk Vidts, CEO of Hannecard Group. "Thanks to local partnerships, our technology is also available outside the European borders and we can standardise roller coverings. Flexibility and quality are our top priorities, but sustainability also plays an essential role. In order to achieve these ambitions, we were looking for a reliable financial partner who believes in our growth strategy and is prepared to help build our story in the long term. BNP Paribas Fortis Private Equity was able to tick all these boxes."
Potential global player
"We have been Hannecard’s preferred banker for many years and have an excellent relationship", says Raf Moons, Head of BNP Paribas Fortis Private Equity. "But it is their strongly supported growth plan that has convinced us to take a stake. Hannecard is a solid Flemish SME with the potential to become a global player. With innovative ideas, technological improvements and new product developments, they are steadily conquering a global niche market. This is a story we like to be part of."
Efficiency and sustainability
In addition to the production of industrial roller and roller coverings, Hannecard is also investing heavily in Research & Development. The company spends a substantial part of its turnover on R&D each year to develop new products and IT applications in order to cut costs, but also to increase sustainability. In addition to developing new products and improving existing solutions, the R&D team attaches great importance to making production processes more efficient and sustainable.
For example no CMR (carcinogenic, mutagenic or reprotoxic) type raw materials have been used. And thanks to a track & trace system, they can better monitor all installations and predict their maintenance, which prevents a lot of wear and tear, breakages and therefore waste.