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January 10th, 2020
European private equity firm IK Investment Partners has sold animal hygiene business CID Lines to Ecolab Inc.
CID Lines was founded in Belgium in 1989 to provide disinfectants for combatting infectious animal diseases. Today its product range includes veterinary medicinal products as well as an extensive range of biosecurity solutions for disinfection and cleaning procedures in farming environments.
IK acquired CID Lines in January 2016 and since then the business has continued to grow strongly.
Remko Hilhorst, Managing Partner at IK Investment Partners and advisor to the IK VII Fund, said: “CID Lines has made tremendous progress since we first partnered with them in 2016, cementing their position as a leader in the increasingly important market for biosecurity and immunity products that support reduced use of antibiotics in farm animals.”
Koen Brutsaert, founder and CEO at CID Lines, added: “CID Lines showed excellent growth the last three years. The drivers behind this growth were continued investments in new products, registrations and our salesforce.”
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