In 1996, CVC Funds invested in the Industrial Laundry Group. The company was later floated on the Brussels Stock Exchange in August 1997. The combined group was one of the largest manufacturers of industrial and institutional laundry equipment with worldwide distribution, primarily through distributors in Europe, the US and Japan.
The group’s main product lines include front loading washing machines, finishing equipment, dryers and related spare parts. The group operates from two facilities in Belgium and three in the US.