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Mentha Acquires Majority Stake in SPC Group, an Industrial Coatings Specialist

Published on 2024-04-16. Edited By : SpecialChem

TAGS:  Industrial Coatings    

Mentha Majority Stake SPC Group Industrial Coatings Specialist Mentha enters into an agreement with SPC Group to accelerate the company’s international growth. SPC specializes in protective coatings within the metal industry. It serves a diverse and respected clientele in various sectors including energy, infrastructure, and industry.

Mentha acquires a majority stake, while the founders and broader management team remain shareholders and responsible for the daily management and further expansion of SPC.

Strategic Partnership to Accelerate International Growth


The Belgian company aims for faster international growth, both organically and through acquisitions. Besides international expansion, further expansion in Belgium remains on the agenda. Anthony Demaerel and Yves de Mild, founders of SPC, are excited about the collaboration with Mentha.

"We are very excited to continue our growth journey with Mentha in the coming years. With SPC, we have taken significant steps in Belgium in recent years and aim to actively expand our footprint in the Netherlands in the coming period," said Demaerel.

"In addition to sector experience and a broad network in the Netherlands, Mentha shares the same no-nonsense approach and entrepreneurial culture as SPC," said de Mild.

SPC is an industrial coating specialist with nationwide coverage. SPC operates throughout Belgium with five strategic locations. The company has the capacity and expertise to serve customers, small and large, across various sectors, with various types of coatings, both on-site and at its own facilities.

With seven previous acquisitions, the service offered is significantly expanded, and the market position has been strengthened. Now is the time for the next phase, where SPC’s solid growth track is accelerated with Mentha's support. International expansion is prioritized, with the Netherlands as initial focus.

"We are impressed by the expertise that SPC brings to the table, as well as the way they contribute to the professionalization of the conservation market. Regulations and associated compliance requirements are becoming increasingly strict, where scale and expertise only work in favor of players like SPC. In addition to the existing business, we see numerous growth opportunities that we want to realize together with the entire SPC team in the coming period," said Ruben Stove.

Source: Mentha

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