ELCEE joins forces with Prins Castings & Forgings

Prins Castings & Forgings joins the ELCEE group. Both companies are suppliers of mechanical components and assemblies to a wide range of industries. The merger is based on mutual trust and will strengthen the activities of ELCEE and Prins.

With technical support centres in the Netherlands, Poland and China and logistics centres in the Netherlands, Belgium, Denmark, Poland, Sweden and China, the ELCEE Group can supply both standard and customised mechanical components and assemblies. With Prins, ELCEE covers the entire spectrum of cast and forged parts in all dimensions, weights and materials from iron castings to stainless steel. The transaction with Prins coincides with the acquisition of ELCEE by Torqx Capital Partners ("Torqx").

Peter Fluitsma, CEO of ELCEE, says: "ELCEE was founded a century ago and has evolved beyond its Dutch origins to become a pan-European industrial supplier with an active buy-and-build strategy. From nine independently operating companies and the refinement of ELCEE's strategy in 2018, we have created a solid platform ready to enable the next phase of profitable growth. I am very pleased that Prins is joining the ELCEE group. The working methods are very similar and I expect a smooth integration. We are very much looking forward to working with Prins' colleagues and their customers and partners. For Prins' customers," Peter Fluitsma continues, "we will be a reliable partner offering the same services and the option of other high-quality products such as plain bearings, fasteners and lifting parts."

Marcel Pot - CEO Prins Castings & Forgings; "With over 85 years of experience, Prins has become a leading supplier of castings and forgings. Our journey reflects our commitment to quality and innovation, which has taken us from our origins as a trading company to our current role as a valued business partner. Becoming part of the ELCEE Group is an important milestone. Together, we will leverage our combined strengths and resources to deliver even greater value to our customers and solidify our position as a global industry leader".