American global leading company acquires all the shares in Novy.

The current shareholders, BNP Paribas Fortis Private Equity, Sofindev, Korys, the founding Lannoy family and management, have reached an agreement for the sale of 100% of the shares. BNP Paribas Fortis Private Equity invested in Novy in 2005, followed by Sofindev and Korys who joined in 2010 and 2016 respectively.

Novy has completed a very strong growth trajectory, thanks in part to internationalisation and a farreaching focus on the quality of its products and services. Under the wings of Middleby, Novy will be able to further expand its premium brand. Within the Middleby family, Novy will be able to benefit from the American group's international network and innovative know-how to continue its growth. In 2020 Novy generated around €80 million in turnover.

Published on 12-07-2021
Press release

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