Port Louis, Mauritius, September 2014: Adenia Partners, a private equity firm investing in the Indian Ocean and West Africa regions, announces the acquisition of Mauvilac, the leading paint, coatings and chemical products manufacturer and marketer in Mauritius, from the founders – the Maurel family - and a few other Mauritian shareholders. Mr Alexandre Roland Maurel, son of the founder and current CEO of the company, keeps a minority stake in the company.
The 50-year-old flagship brand is specialized in decorative paints (which include “Go Green”, the first range of environmentally-friendly paints in Mauritius), specialty paint and coatings for automotive and industrial use as well as related products including glues and adhesives. Mauvilac also distributes chemicals, primarily for the textile, construction, and cosmetics sectors. The ISO 9001-2008 certified company sells its products directly through three showrooms and, indirectly, through an extensive network of 1,000 hardware stores in Mauritius and the Indian Ocean region.
Going forward, Adenia Partners and Mr Alexandre Roland Maurel share the common objective of bringing Mauvilac to the next level, through the implementation of best industrial practices and the pursuit of growth opportunities linked to further exports and international partnerships.
Adenia Partners will support the management by providing strategic & financial input and assistance in ESG performance monitoring. Adenia will also leverage its network to develop the new industrial plan and source new business development opportunities.
Mr Antoine Delaporte, Adenia Partners CEO, said: “We share Mauvilac team’s growth and expansion ambitions and look forward to writing another chapter of their success story”.
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Source: Adenia Partners.