Verder Adds New Laboratory Product Line

London, UK 7/3/12; Vleuten, Netherlands 7/6/12—Verder Group has acquired Carbolite from Nova Capital Management for an undisclosed amount. UK-based Carbolite manufactures laboratory and industrial furnaces. The company has 160 employees and sells its products directly in the UK, Germany and France. Carbolite will join Verder’s Laboratory division as a stand-alone unit. “The excellent market position of Carbolite in laboratories, the high-quality standards and the growth potential make Carbolite a very exciting addition to our existing companies,” commented Verder CEO Andries Verder. “We firmly believe that the extensive network of Retsch, Eltra and Endecotts will be a large asset for Carbolite.” Current management will remain with Carbolite. Nova Capital Management announced that the gross equity return was around 3.5 times the equity invested.

< | >