We are pleased to announce that Abenex has acquired Origin Group, taking over from Initiative & Finance and Elige Capital, alongside its management team, led by Bertrand Sée.
Origin Group, based in the Rhône-Alpes region, designs, manufactures and distributes industrial sealings solutions and generates €30 million of sales. The control of the entire value chain allows the Group to hold a unique position on the French market. Thanks to its extensive expertise, significant depth of product range and availability, Origin Group addresses a large variety of recurring customers and end-markets in France and abroad.
Founded in 1992, the Group has distinguished itself through synergistic external growth, in particular since the arrival of Initiative & Finance and Elige Capital in 2016 with the realization of three acquisitions. Abenex intends to accelerate the consolidation of the market, which is still very fragmented.
The transaction allows for a reorganization of the shareholder structure, with the exit of Initiative & Finance, Elige Capital and one of the historical founding families, as well as the entry of the management team into the capital.
“We are excited about this partnership which will allow Origin Group to continue its development. With the support of Abenex, we are giving ourselves the means to strengthen our position as a leading player in the field of industrial sealing solutions while remaining focused on the high satisfaction of our customers“, comments Bertrand Sée, President.
“We were attracted not only by Origin Group’s positioning as a one-stop-shop for a wide range of industrial customers but also by the resilience of its business. We are very pleased to support Bertrand and his management team in this new phase of development, a significant part of which will be based on external growth in order to create a true leader,” said Jérôme Vandermarcq, Partner at Abenex.