SALE OF MAJORITY STAKE IN EXCLUTON TO GILDE EQUITY MANAGEMENT

Excluton, a Dutch leader in manufacturing garden tiles and landscaping elements, welcomes Gilde Equity Management as a new shareholder to invest in innovation and execute a joint (international) growth strategy.

As consumers pay increasingly more attention to their house and garden, the demand for garden tiles and landscaping products has continued to soar. Joining forces with Gilde Equity Management is the next step. It will allow Excluton to fully focus on its growth ambitions by investing in product innovation, sales and marketing, as well as further enhancement of its unique production location at the Waal riverbank.

Hemingway Corporate Finance acted as the exclusive sell-side advisor to Excluton’s shareholders and management.

Excluton, producer of garden tiles and landscaping elements, supplies a range of products for garden design and design of public spaces. Excluton was founded in 1975 by Mr. Frans van Haren and is strategically located with its head office and production location in Druten, at the Waal riverbank. Excluton is the only garden tile manufacturer in the Netherlands and the first in Europe with a certified Cradle to Cradle recycle system, whereby the company reuses old stones and raw materials to produce new products.