Business description

Elcee is a leading supplier of customized parts and components, assembled products and standard products for a wide range of industrial markets. The company is active in the (co-)development, design, engineering and supply chain management (sourcing, stock-keeping as well as quality control and delivery) of industrial parts in four product groups: castings and forgings, plain bearings, fasteners, and lifters. Elcee operates local offices throughout Europe in combination with technical support centers in China and Poland.

Investment thesis

Elcee aims to become a leading European industrial components supplier in the coming years by continuing its targeted buy-and-build strategy in (Western) Europe. Margins are expected to improve on the back of expansion of the current product portfolio as well as streamlining the acquired companies.