Company proposes group-wide senior credit facility and creation of Benelux advisory board
AIM-quoted buy-and-build construction materials group SigmaRoc have received positive indications of interest from all their incumbent banks to put in place a group-wide senior credit facility, thereby replacing several local facilities the business absorbed in conjunction with recent acquisitions.
SigmaRoc, who say they are confident that a new group-wide credit facility offers the best commercial outcome for the Group, including both their current activities and their planned future developments, expect this new senior credit facility to be in place by 30 April 2020.
The company has also announced the proposed creation of an advisory board dedicated to the Benelux region. The board will be chaired by Max Vermorken, chief executive officer of SigmaRoc, who will be joined by Count Christophe de Limburg Stirum, entrepreneur and private equity investor in the aggregates sector, as well as Pascal Lesoinne, previously chief executive officer of cement and aggregates for HeidelbergCement Benelux.
Emmanuel Maes, previously chief executive officer of aggregates and dredging group De Cloedt and currently managing director of Europe for SigmaRoc, and Christophe Daulemerie, managing director of Carrières du Hainaut SCA, will also join the advisory board, with the aim of maximizing SigmaRoc’s potential in the Benelux region.
Max Vermorken (pictured) commented: ‘I would like to thank the incumbent banks for their continued support of our Group and look forward to working with them more closely in the coming year as we explore further opportunities in the Benelux region, which will be supported by an extremely high-calibre advisory board.’
