Lynx is pleased to announce the acquisition of Kalmeijer Bakkerijmachines
August 7, 2023
August 8, 2023 - Toronto, Canada / Den Haag, The Netherlands - Lynx Equity Limited, is pleased to announce the acquisition of Kalmeijer Bakkerijmachines (“the Company” or “Kalmeijer”), a Dutch manufacturer of bakery machines with customers across the Netherlands, Belgium, and Germany. This acquisition is Lynx Equity Limited's (“Lynx”) first acquisition in the Netherlands, and its tenth in Europe. Thus, further diversifying its international portfolio of companies.
Since 1920, Kalmeijer has been operating in the niche market of artisanal bakery machinery and has become known for its exceptional craftsmanship and ability to meet the specific requirements of its customers. Unlike typical bakery machine manufacturers that focus exclusively on the industrial customer, Kalmeijer specializes in smaller machines tailored to the specific needs of artisanal bakeries. With its diverse product offering, including biscuit and bread-forming machines, dough dividers, and bread slicers, Kalmeijer addresses the wide range of demands from artisanal bakers. The company also provides installation and repair services for all products sold, thereby strengthening and maintaining its customer relationships.
“The acquisition of Kalmeijer represents another milestone for the ever-growing Lynx family and secures a solid foothold in the Dutch market,” commented Andrea Natarelli, Lynx’ Senior M&A Associate. “For over a century, Kalmeijer has been servicing the artisan bakery industry in the Netherlands, Belgium, and the rest of Europe, with its high-quality equipment, machinery, and services. Lynx is extremely excited to preserve the Company’s legacy while partnering with its existing management, led by Ewout de Koning.”
Ewout de Koning, CEO, will remain in his current role for at least one year, ensuring a smooth transition to new leadership. As Lynx does not initiate any transaction-related layoffs, the rest of the staff is also expected to remain, ensuring Lynx’ goal of maintaining the legacy built over the past century.
“We are very much looking forward to working together with Lynx Equity as our new owner because of their long-term commitment to our company and their wish to safeguard our more than 100 year long tradition, while seeking controlled growth for the future,” commented Ewout de Koning, Kalmeijer CEO and former owner. “We trust their coming aboard will ensure the continuity of Kalmeijer and will be beneficial for both our customers and employees.”
The transaction was facilitated by Marktlink Fusies & Overnames B.V., the sell-side advisor. Buy-side legal, accounting, and tax advisory were provided by Lexence, TIC Advisory and Govers, respectively.
Lynx continues to pursue acquisition opportunities throughout North America, Europe, and the United Kingdom.
About Kalmeijer Bakkerijmachines
Kalmeijer Bakkerijmachines, established in 1920, is a Dutch manufacturer of bakery machines catering to artisanal bakeries primarily in the Netherlands, Belgium, and Germany. With over a century of experience, Kalmeijer is renowned for its exceptional craftsmanship and ability to meet the specific requirements of its customers. The company offers a diverse range of bakery machines, including biscuit and bread-forming machines, dough dividers, and bread slicers. In addition to its own branded products, Kalmeijer also provides installation and repair services. With a strong market position and a reputation for quality, Kalmeijer Bakkerijmachines is a trusted name in the industry.
To learn more about Kalmeijer Bakkerijmachines, please visit www.kalmeijer.com
About Lynx Equity Limited
With sales in excess of $750M CAD, Lynx Equity Limited is a diversified Toronto-based private equity firm focused on acquiring small and medium-sized businesses from owners looking to retire or seeking strategic opportunities. Lynx targets acquisitions of companies with EBITDA between CAD $1M - $5M and utilizes a buy-and-hold strategy.
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