Soudal: Swerts family rises to €699M - Belgian Chemical Revolution
Swerts family
Victor Swerts, known to his friends and family as Vic, was behind the creation of the Belgian chemical giant Soudal. This company, based in Oud-Turnhout in the Kempen region, is now recognized as one of Europe's leading producers. silicones and sealants, including products based on polyurethane. In addition to these elements, Soudal's creative range includes adhesives, foams, automotive repair products and waterproofing solutions.
Since its beginnings in 1966, Soudal has undergone an evolutionary process. almost constant. It has established a strong international presence, notably with the acquisition of Ayrtona French competitor in 1992, extending its influence in France and strengthening its logistics capabilities. The inauguration of a second plant in Turnhout in 1994 marked the continuation of this expansion, with exports acting as a growth lever.
In 1997, Soudal took a decisive step forward by taking over the silicones division. of the Bayer Group, located in Leverkusen, securing a leading position in German markets. This initiative was followed by a series of international successes, including the establishment of subsidiaries in various countries and a joint venture in India in 2010. In the same year, Soudal strengthened its presence in Asia with the acquisition of a major production company. of PU foams in China.
The following table provides an overview of Soudal's growth and various extensions:
| Year | Event |
|---|---|
| 1966 | Soudal Foundation |
| 1992 | Acquisition of Ayrton in France |
| 1994 | Plant opening in Turnhout |
| 1997 | Takeover of Bayer's silicone division |
| 2010 | Joint venture in India and acquisition in China |
| 1996-2005 | Expansion into Eastern Europe and Latin America |
Swerts' heritage, estimated at nearly 699.2 million euros, reflects the cumulative success of these developments. Soudal has also diversified its investments by taking a major stake in thehe capital is Studio 100, leader in children's entertainment. However, the COVID-19 crisis posed unforeseen challenges for this new investment.
Despite some setbacks, the Swerts family continues to prosper, with operations spanning several continents, including Latin America and Asia. Soudal has also distinguished itself in the sports industry, in particular as cycling sponsor and is renowned for its commitment to cultural life through initiatives such as hosting major artistic events.
