Bolster acquires a majority stake in Snoeks
Bolster Investment Partners has acquired a majority stake in Snoeks Automotive. Snoeks develops interior concepts for light commercial vehicles. The concepts developed by Snoeks expand the usability of commercial vehicles and their applicability to different markets. In the double cabin segment, Snoeks is the European market leader. This investment will support Snoeks in its autonomous and acquisitive growth ambitions, as well as accelerate international expansion. Snoeks is active in over 50 countries worldwide and has seven locations with a total of more than 500 employees.
Car manufacturers use the products designed by Snoeks to add functionality, safety and comfort to the basic model. This enables the manufacturer to expand the usability of the commercial vehicle. The interior concepts developed by Snoeks are converted into more than 80,000 commercial vehicles per year all over the world. Snoeks engineers are absolute specialists in the development of modification concepts for light commercial vehicles and are constantly looking for innovations. For example, the FlexCab has recently been introduced to the market. It features a combined 3-seater bench and partition wall that can be easily folded in a forward position, enabling the driver to choose between a larger cargo area or extra seats for more passengers. The FlexCab has been received with great enthusiasm by the market because it increases the versatility of commercial vehicles in a practical manner.
Snoeks coordinates its global operations from the innovation center in Nieuw-Vennep, where the R&D and homologation teams, and the test center are located. Seats for the double cabins are manufactured at the production facility in Litvinov, Czech Republic. At the assembly location in Krupka, Czech Republic, the interior concepts are converted into a pre-assembled kit. These kits are distributed to car manufacturers and distributors worldwide. This plug-and-play approach makes Snoeks’ concepts unique.
Ron Snoeks, CEO and co-owner of Snoeks Automotive: “Snoeks has great growth ambitions. We are pleased that in Bolster, as a long-term investor, we have found a partner for continuity and expertise that will safeguard the independence and culture of Snoeks. We look forward to realizing the future growth plans of Snoeks together.”
Mark van Rijn, partner at Bolster Investment Partners: “By specializing in interior concepts, Snoeks Automotive has experienced impressive growth under the leadership of a strong management team. With this keen focus, Snoeks has acquired a unique position in the value chain and is the only supplier that can offer a complete interior concept ready-to-use to highly demanding clients. Snoeks is a classic example of a strong market leader in an international niche market in which we like to invest. We are excited to cooperate with the Snoeks team in the future.
For more information, please contact:
Snoeks Automotive
Ron Snoeks: +31 252 629 529
Bolster Investment Partners
Mark van Rijn: +31 20 226 3088
About Snoeks Automotive
Snoeks is a family business with over 60 years of experience in the development and supply of interior modification solutions. Snoeks supplies its products to car manufacturers of light commercial vehicles and is the European market leader in the double cabin segment. Snoeks is active in over 50 countries worldwide and has seven locations with a total of more than 500 employees.
About Bolster investment Partners
Bolster Investment Partners is a long-term investor specializing in partnerships with entrepreneurs and family businesses. These partnerships are based on both minority and majority interests. Bolster invests in exceptional Dutch companies with a keen focus and a proven business model. It helps entrepreneurs realize their company’s full potential by acting as equal partners. Bolster has a proven track record. As an investment firm, we have collaborated successfully with over 100 companies.