NPM invests for FibreMax expansion
By Laura Hatton04 July 2013
NPM Capital, a private equity firm, has acquired a 25 % interest in FibreMax, a manufacturer of lightweight polymer fibre cables and slings for the lifting, offshore and construction industries.
FibreMax will use funds from its new shareholder to support present and future growth, the company said. This growth will include expanding its local and international sales organisation in mining, offshore, building and construction and heavy transport industries and heavy industrial applications.
Jan Willem Baud, NPM Capital CEO, said, “FibreMax has a unique product that will change the cable industry. We are happy to provide the growth capital required to enable the company to achieve its potential for as long as this expansion phase lasts, no matter how far it reaches. We are delighted that FibreMax will be part of the NPM family and we look forward to a long-term collaboration.”