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Ellimetal

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Supplies pressure vessels as well as silos and storage tanks

Oudsbergen, BelgiumFounded 1964Engineering and Manufacturing Equipment
Valuation $100–250M Last recorded · 2022
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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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 data

At a glance

Status
Operational
Founded
1964
Headquarters
Oudsbergen, Belgium
Employees
117
Open positions
4
Dealroom signal
23.0/100
Industry
Engineering and Manufacturing Equipment
Sector
Engineering and Manufacturing Equipment
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Mar 2022 $20M $80M LRM · Rigo Verheijen · Karel De Corte · Ronnie Leten ↗
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

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
  • Rigo Verheijen
  • Karel De Corte
  • Ronnie Leten
Employees 117 total headcount
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Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇧🇪 Belgium92.5%
🇦🇱 Albania1.9%
🇮🇳 India1.9%
🇦🇪 United Arab Emirates1.9%
4 countries shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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