CRTM: Acquired by Riverside to Expand Dastex's Cleanroom Offerings
Deal News | Dec 12, 2024 | Riverside
The Riverside Company, a global investment firm, has expanded its portfolio company, Dastex Group GmbH, by acquiring CRTM, a German distributor specializing in cleanroom consumables and equipment. This move marks Riverside’s fourth add-on acquisition for Dastex within 18 months, as part of its ongoing strategy to consolidate the cleanroom consumables sector in Europe. CRTM is headquartered in Munich and operates primarily in the DACH region, serving industries such as medical devices and optics, pharmaceuticals, semiconductors, and space. Riverside highlights this acquisition as a vital step in enhancing Dastex's product offerings and penetrating high-end industrial markets. The investment aims to bolster Dastex’s position as a leading European platform in cleanroom contamination control, aligning with Riverside's strategy of growth through both organic means and further acquisitions.
Sectors
- Investment and Private Equity
- Cleanroom Consumables and Equipment
Geography
- Germany – CRTM is headquartered in Munich, focusing its operations mainly in Germany and the broader DACH region.
- Europe – Riverside's investments, including Dastex, focus on expanding within the European cleanroom market.
Industry
- Investment and Private Equity – The article discusses The Riverside Company's acquisition strategy, reflecting typical private equity activities of expanding and enhancing portfolio sectors.
- Cleanroom Consumables and Equipment – CRTM and Dastex operate within this industry, dealing with specialized products essential for industries such as pharmaceuticals and semiconductors.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Riverside Company | Private Equity Firm | Company | A global investment firm focusing on the smaller end of the middle market, orchestrating the acquisition of CRTM. |
| CRTM | Target Company | Company | A German distributor of consumables and equipment for cleanrooms, acquired by Riverside for Dastex. |
| Dastex Group GmbH | Portfolio Company | Company | A distributor of cleanroom garments and consumables, recently acquiring CRTM as part of Riverside's strategy. |
| Damien Gaudin | Partner | Person | Partner at Riverside Europe who led the CRTM acquisition deal. |
| Linda Vereycken | CEO | Person | CEO of Dastex Group, involved in integrating CRTM into the group. |