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Gimv invests in Alro Group, renowned car and truck coating company

Gimv acquires a majority stake in the fast-growing Alro Group, a specialist in industrial coating of car and truck parts, in a family succession context. Gimv takes over the majority stake from the founding Thijs family. Current management remains on board and reinvests to further support the company's growth. The Alro Group (Dilsen-Stokkem – Belgium, www.alro-group.com) was founded in 1976 by the Thijs family. Since then, it has grown from a small coating company to a large reputed group with several branches in Western and Central Europe, specialized in coating of plastic and metal parts for the automotive sector.