Widespread recognition of our outstanding market position in the area of Corporate Social Responsibility, as evidenced by the prizes and certificates we have been awarded, has led to a new shareholder investing in Van Houtum. Private equity firm Friesland Bank Investments (FBI) has purchased a majority shareholding in Van Houtum, effective retroactively from 1 January 2011. The other shares remain in the hands of the management.

FBI is a wholly owned subsidiary of Friesland Bank N.V. and its mission is to invest in medium-sized Dutch businesses that are led by strong and ambitious management. Each investment is based on a clear strategy that is endorsed by both management and the shareholders. FBI is an active shareholder that supports management in implementing that strategy without getting actively involved in operations. FBI’s strategic plan perfectly matches the ideas and goals of Van Houtum’s management.

FBI’s investment will make it possible for Van Houtum to continue to grow in the future. A new paper machine will be purchased in the near future. This resolves a longstanding need for greater and high quality production capacity. Installation of the new paper machine will allow Van Houtum to significantly scale up the production of Satino Black in particular, the first and only Cradle to Cradle certified hygienic paper in the world. This step will substantially increase the share of the world’s first environmentally friendly toilet and hand towel paper in Van Houtum’s total production, thereby confirming once again Van Houtum’s position as a leading proponent of Corporate Social Responsibility.

This change in the shareholding structure not only creates a solid financial base for Van Houtum, it also ensures operational management continuity. Henk van Houtum will transfer his current responsibilities to Bas Gehlen during the coming two years. Afterwards Henk van Houtum will remain involved in the company.