BDO advises on the sale of a stake of Bio-Life Laboratory to Korys, investment company of the Colruyt family
29 juni 2020
On 6 February 2019, Korys, the investment company of the Colruyt family, invested in Bio-Life Laboratory, a Belgian family-owned company.
Bio-Life Laboratory is a Belgian family-owned company based in the province of Namur, which manufactures and sells a full range of over 130 references in organic and natural nutritherapeutic and phytotherapeutic products under its own brand Be-Life Natural Products.
The company employs about 30 people and intends to continue growing in the future with the support and know-how of Korys and the current management. Together, they aim at strengthening the company’s position and realise a long-term growth whilst maintaining the family-owned DNA.
Korys is the investment company of the Colruyt family. Today, it has more than EUR 4.5 billion of assets under management. Besides holding a significant participation in the Colruyt Group, a leading retail company in Belgium and France, it actively manages participations in privately held companies and in private equity funds.
Korys strongly believes in the growing market of vitamins, minerals and nutritional and herbal supplements, within which Bio-Life Laboratory takes a distinct position with its organic and holistic product offering.
The corporate finance and legal team of BDO advised the shareholders of Bio-Life Laboratory during the whole process of the sale.