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GROUP DE CLOEDT acquired 50% of Carrières du Fond des Vaulx and Wellinvest.

16|01|14
 
Newsflash

On 16 th January, the shares of  Carrières du Fond des Vaulx (CFV) at Wellin (province of  Luxemburg) and Wellinvest, formerly owned by Cimescaut, were bought by Group De Cloedt (DC Industrial nv) and Switex sprl who each acquired 50%  of  CFV and Wellinvest.
These investments confirm Group De Cloedt’s strategy of aiming to strengthen and consolidate their position on the Belgian and European aggregates market.
CFV is producing limestone aggregates whose EC 2+ and Benor gauges for Belgium and “Granulats Certifiés” for Luxemburg are mainly used in readymix concrete, concrete  products, buildings, construction, road and public works, asphalt industry, railway ballast, the agricultural sector, soil cleaning projects, coastal defences, etc. The quarry produces annually 800- 900.000 tonnes of crushed stones.
The Belgian De Cloedt Group is a leading  Belgian company in  dredging, production and commercialization of sand and gravel. They are a major player in inland navigation transport, in environmental  soil-cleaning and recycling projects, contracting jobs, beach nourishment projects and dredging operations.
This joint acquisition enables the new shareholders, two well-known Belgian family owned companies, to guarantee the development of the CFV activities, taking into account the long-term expectations of its customers and employees , the environment  and the good relations with the local municipal Wellin authorities.
 
 
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