NIBE Element acquires Rotterdamse Elementen Fabriek B.V (REF)

REF is an industrial heating element company active mainly in Netherlands.

The company has own production of tubular elements, ceramic heaters and systems. REF also has complementary trading products in order to be able to offer a full assortment to the industrial market.

The company was founded 1915 and has today a turnover of 2,2 MEUR with an operating margin of 15% and 15 employees.

REF has cooperated with Backer more than 20 years and will be a part of the Backer Group.

The company will continue to run its operation under existing management, Managing Director Mr Peter de Groot, Operation manager Rien Zudiam and Administrative manager Patricia Thijse de Groot.

REF will be a new important member of the Industrial segment in NIBE Element.