BME Group’s acquisition of Gedimat Antwerp, a distributor of general building materials, has been completed. With this additional acquisition, BME Group is strengthening its pickup network on the south side of Antwerp, where it is already active through BMB Bouwmaterialen.
Gedimat has an extensive range of building materials and has already recorded very good sales figures in the past at its excellently located site in Aartselaar. The company currently employs seventeen people. Even after the acquisition by BME Group, Vincent van Genechten, current owner of Gedimat, will remain active within the group.
Gedimat Antwerp is now part of one of Europe’s leading distributors of building materials. In Belgium, the group operates under the brand names BMB Bouwmaterialen (general materials) and STG (sanitary, heating and plumbing). The latter company was formerly known as Sax, Lambrechts and Schrauwen.
Financial details of the transaction are not being disclosed.
SDM-Valorum acted as advisor to Vincent van Genechten in the sale to BME Group.
About BME | Building Materials Europe
Building Materials Europe, headquartered in the Netherlands, is the third largest distribution platform for building materials in continental Europe in terms of turnover.
The group operates in two main sectors: general building materials (General Builders Merchants or GBM) and sanitary, heating and plumbing (SHAP). BME Group employs nearly 10,000 people across more than 606 sites in 7 countries. In 2020, the group’s turnover was 3.9 billion euros. Antwerp-based BMB Bouwmaterialen has a network of nine sales points and five showrooms in Flanders. BMB has been around for more than 40 years, currently has 230 employees and is part of BME Group.
