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Ellimetal
Supplies pressure vessels as well as silos and storage tanks
About Ellimetal
In 1964, the Geerkens family founded a company in the Belgian town of Ellikom with a practical mission: building feed silos for local cattle farms. This company, Ellimetal, started with a clear focus on the agricultural sector. However, as the market evolved and plastic storage became more common, Ellimetal saw an opportunity to pivot. It shifted its expertise toward the more demanding petrochemical industry, manufacturing high-quality silos from aluminum and stainless steel. This move was the first of several strategic shifts. Alongside producing superior silos, the company began developing complex pressure equipment. This required a new level of sophistication, working with international standards and complex designs, transforming it from a local manufacturer into a global player in its niche. The business designs and fabricates a wide range of custom equipment, including pressure vessels, heat exchangers, and storage tanks for the chemical, oil and gas, and energy industries. In 2008, the company faced a significant turning point when four managers acquired it, preventing a takeover by a Malaysian group. More recently, in March 2022, Ellimetal secured a major investment from LRM, its management team, and former Atlas Copco CEO Ronnie Leten. This capital injection, described as 'tens of millions', is intended to fuel international growth and position the company to support the global transition to green energy, with products for CO2 capture and hydrogen applications.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Mar 2022 | $20M | $80M | LRM · Rigo Verheijen · Karel De Corte · Ronnie Leten | ↗ |
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Investments and acquisitions
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later4 investors entered at this stage
LRM- RVRigo Verheijen
- KCKarel De Corte
- RLRonnie Leten
Source: Dealroom Talent Intelligence.
Global footprint
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Market sentiment
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