Fokko Smeding, CEO of Prolyte Products Group, announced today that he has signed an agreement selling a majority of the companies shares to the investment company Halder Invest, part of Belgian based GIMV.

The remainder of the shares will stay in the hands of the founders and directors of Prolyte, which will guarantee continuity in both policy and strategic goals of the company. Further, there will be no changes to the current management team.

Prolyte Products Group, based in Leek, the Netherlands, has earned a strong international reputation as truss manufacturer. Since the company’s founding in 1991, Prolyte has known a remarkable growth and now is recognized as one of the word market leaders within the entertainment branch. Halder specializes in investing in the equity of unlisted companies (private equity). Halder’s parent company, GIMV, is a Belgian investment company, established in 1980. Since 1997 GIMV is quoted on Euronext Brussels.

As Dennis Plomp, investment manager for Halder states: “In each transaction, Halder takes the time to develop a relationship of mutual trust with its future business partner. In this process, we have gained a good understanding of the fundamentals of Prolyte’s business and future goals”.

"I am very excited about this participation. It will offer Prolyte the opportunity to continue its growth and to further invest in new technologies and manufacturing processes. Halder will support us with the expansion into new markets, whereby providing high quality products and offering solutions for our customers needs will remain our main goal,” explains Fokko Smeding.

Prolyte has recently expanded into the Asian market. “This is only a start”, Fokko Smeding comments, “we have strategic plans to broaden our market by further investing in regional offices. This will enable us to support our customers in the best possible way and it will fortify our vanguard position within the entertainment industry."