Extruflex

Extruflex is a manufacturer of extruded flexible PVC panels and strips used in the manufacture of industrial doors. Chequers assisted its chairman Jacques Valat in a secondary LBO transaction. Extruflex was previously owned by Bridgepoint.

Extruflex has a leading position in Europe with a market share of more than 50%. The company exports 70% of its turnover, mainly to Europe. Its clientele consists of industrial door manufacturers and plastic product distributors.

Value creation

Relying on a profitable but mature European market, the strategy consisted of diversifying the group's geographical presence, first commercially, then industrially with the creation of a factory in China. The successful development of this factory enabled the group to acquire a highly competitive production tool and to tackle more price-contested markets in Asia, but also in the United States. Chequers sold its stake during a third LBO organised with Jacques Valat's successor, Patrick Chambriard.

Investment year
2002
Turnover at acquisition
€0-100m
Type of operation
MBO
Business sector
Asset light Industrials
Country
France