H2 Equity Partners (“H2”) is pleased to announce that it has acquired a majority shareholding in Mill Panel (“Mill Panel”). Mill Panel is a leading developer and manufacturer of flat wooden exterior door panels, as well as for wooden sandwich panels, primarily aimed at compact houses.
H2 will support the management of Mill Panel with the further professionalization of the company and will support the company in realizing its international growth plans.
Gert Jan van der Hoeven, Managing Partner of H2 Equity Partners:
“H2 has been impressed with the innovative products and highly efficient production process of Mill Panel, and their leading position in the Netherlands towards both wholesalers as well as door producers. We think that the residential housing building materials sector, driven by both new builds and renovation, will continue to grow over the next decades. Mill Panel will benefit from the need for further insulation and fire retardancy. We also believe that Mill Panel can further expand its position internationally. We look forward to working with Rob Besemer and his team.”
Rob Besemer, Managing Director of Mill Panel:
“We are excited to have H2 on board as our new shareholder. H2 has a strong background with their past investments in building materials. We look forward to further develop Mill Panel into a leading international position with the support of H2.”
About Mill Panel
Mill Panel is a leading developer and manufacturer of flat wooden exterior door panels, as well as sandwich panels for compact houses. The origins of the company date back to 1971, with the setup of a panel manufacturing department at Van Hout. That department was turned into an independent entity by Rob Besemer in 2001 with the foundation of Mill Panel. Rob and his team have innovated in the exterior door panel market by introducing AluPlex®, a product that provides stable doors in diverse climates, as well as by introducing various composite door panels, providing improved fire retardancy and insulation. As a result of their innovative solutions and highly efficient production, Mill Panel is now the market leader in this niche in the Netherlands. Mill Panel is headquartered in Mill. For more information, please visit: www.millpanel.com
About H2 Equity Partners
H2 Equity Partners, founded in 1991, is an independent investment firm. H2 focuses on medium sized companies that are uniquely positioned and provide significant growth potential. H2 offers these businesses a combination of capital and active management support to realize untapped potential. H2 has a robust, multi-sector track record in building stronger companies, with a sustainable competitive advantage and profitable growth. The investment by H2’s Amsterdam team are funded through its most recent fund, which was launched in June 2019.
In this transaction, H2 was advised by Lexence (legal) and Deloitte (financial). Mill Panel’s shareholders were advised by Kempen (corporate finance) and Biesheuvel Jansen (legal).