Sale of Huktra to H.Essers

Huktra is a leading European provider of door-to-door intermodal bulk logistic solutions, with offices in Zeebrugge (Belgium), Novara (Italy), Tarragona (Spain) and Manchester (UK).

The company operates a fleet of approximately 1,000 containers to transport predominantly bulk chemical liquids and to a lesser extent, edible liquids and dry bulk powders.

Huktra is a highly profitable and steadily growing business, with approximately €50m in revenues in 2017 and an EBITDA margin of over 15%.

Shares were owned by brothers Gerd and Tim Van Poucke, the second generation of Huktra owners in the Van Poucke family.

Being a very attractive target, there was a five-month limited auction process that focused on strategic investors, in which Belgian family-owned company H. Essers sealed the deal.

How we helped

PwC guided the sellers throughout the limited auction process to find a suitable trade buyer for the family business, resulting in a successful Belgian transaction with the sale to the Limburg-based international family company H. Essers.

Award winning deal

This deal won the M&A award Best Mid-Cap deal 2018 Belgium

 

Contact us

Dirk Verheyen

Dirk Verheyen

Partner, PwC Belgium

Tel: +32 0497 05 13 49

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