Latexco: €131 million inheritance from the Maes family in latex innovation
Maes family
Latexco, a well-known latex manufacturer, is based in the towns of Bruges and Tielt in Belgium. Valuation at 131 million eurosThe company is known for its positive growth, and ranks 189th among Belgian companies in terms of wealth for the Maes family. At the head of this company for many years, Luc Maes has been a key player in the expansion of this family-run company and empire to more than 130 000 000€.
Products and Services:
- Manufacture of a wide range of latex products
- Main use in the production of mattresses, seats and beds
Latexco Handling:
- Affiliated branch specializing in the manufacture of matratzen
The company is also involved in the sporting sector, associating itself with iconic cycling figures such as Patrick Lefevere and Tom Boonen through its sponsorship of the Innergetic team. This commitment to cycling, more than a passion for Luc Maes, was a strategy for profitable marketing to increase international brand awareness, especially with a shift in focus towards the end consumer.
Management transition:
- Carole Maes, Luc Maes' only daughter, prepares to take over the reins of Latexco
- Previous management has brought the workforce to 450 employees in Belgium and Spain
- International development, including sites in the United States
In 2022, at the age of 81, Luc gave up his business. Latexco to Luc Tack, a compatriot and major investor in the company Picanol-Tessenderlo listed on the stock exchange. With a significant weight of responsibility, Carole M, then aged 46, approached the succession with an awareness of the task ahead, while hoping that her father would continue to contribute actively to the company and a "sense of responsibility". fortune estimated at over 130 million euros for the Maes family and Latexco.
Expansion United States:
- Opening of a new facility on the West Coast
- Planning a production facility on the East Coast
