Private equity firm Riverside Co. announced the acquisition of European Panel Co. SA (EPCO), a Belgium-based manufacturer of panels for overhead doors.
Financial terms of the deal were not disclosed.
EPCO makes sandwich panels for residential, commercial and industrial overhead doors. The panels are typically metal skins around a polyurethane foam core. There are both traditional panels used for industrial doors and finger=safe panels for residential garage doors sold across Europe.
The company, which bills itself as the European leader in overhead door panels, includes a “highly automated” manufacturing plant in Tournai, Belgium — reasons Riverside said it was drawn to the investment.
New York-based Riverside's investment is designed to further support EPCO to strengthen its position in the market by boosting manufacturing and expanding the sales force and operations.
“[Riverside's] experience in growing companies like ours across Europe and their operational expertise made them an ideal partner for fostering the next chapter in EPCO's proud history,” said EPCO founder and CEO Pierre Meulders in a news release.