SEMIN demonstrates its new growth ambitions, particularly in natural insulation, supported by financial partners GEI, BPIFRANCE and BNP PARIBAS DEVELOPPEMENT.
Created in 1838, the family-owned company SEMIN is currently headed up by Philippe SEMIN, Chairman, and his daughter Caroline SEMIN, Chief Executive Officer, of the family's fifth and sixth generations, respectively. Over the years, SEMIN has become the go-to trade brand for all plasterboard installations products, from glues and fillers to metal profiles and accessories as well as access hatches. The group serve customers in 72 countries out of 12 production sites, mainly in France and Europe, with a workforce of 900 employees. In 2022, it generated consolidated revenue of €240 million.
This emblematic industrial mid-cap regularly innovates to guarantee its customers high-quality products based on cutting-edge technology. Aware of the impact of its activity on the environment, the company has made its CSR approach a strategic focus of its growth to contribute significantly to responsible housing. For example, it recently developed the first range of fillers produced from more than 99% natural raw materials, and bearing the Guaranteed French Origin label. This new development stage will position SEMIN as a key player in natural insulation, in particular as it acquires companies and builds new plants in France and abroad.
To support its growth plan, SEMIN selected the entrepreneur-oriented investment fund GEI as well as BPIFRANCE INVESTISSEMENT and BNP PARIBAS DEVELOPPEMENT, two top-tier institutional funds, whose banks also participated in the transaction. The SEMIN family continues to hold the vast majority of the company's shares.
Philippe and Caroline SEMIN, company directors of SEMIN
“Our company, which has become a key player in the manufacture of construction materials for the building trade, has a two-hundred year history made up of various successive stages and renewed ambition. To speed up and go even faster and further, we have chosen partners who share our vision of a family business and can work alongside us over the long term.”
Serge PEIFFER, Chairman of GEI
“We are delighted to be able to partner Caroline and Philippe SEMIN and support them in their long-term goals. They have a clear vision of the market that is reflected in an ambitious growth strategy. They have been able to surround themselves with a high-quality management committee that shares their commitment to prioritising local supply chains and limiting their environmental impact. We are bound by the same values of high standards and engagement.”
Sophie PERETTE, Director, Lorraine region and Guillaume SEVER, construction specialist at BPIFRANCE
“We are both very happy and proud to enjoy the trust of the SEMIN family in this new stage of their company's development and growth. This investment is totally aligned with BPIFRANCE INVESTISSEMENT’s ethos as a perfect match with our environmental approach. This French industry, based on decarbonised, short supply chain manufacturing, takes an active CSR approach at all levels, and SEMIN is a typical example of our communities of "coq vert" and "coq bleu" national champion companies.”
Guillaume DANZELLE, Director of Investments at BNP PARIBAS DEVELOPPEMENT
“We are delighted to be using our know-how in supporting companies to help develop a family-owned, high-performance and emblematic industrial group in Lorraine. This deal will boost the SEMIN Group's growth, through the roll-out of new product strategies, particularly in the area of CSR.”
Michaël CHICHEPORTICHE, Partner at ADVISO PARTNERS
“We were delighted to support the SEMIN Group and its shareholder-managers in their plan to make their capital available to long-term investment funds. With a strong brand, a high-end positioning and constant innovation, under the impetus of Philippe and Caroline SEMIN this group has established itself as a major European player in plasterboard fillers and accessories. Recent developments, particularly in the area of natural insulation, represent solid growth drivers for the future and strengthen the group's eco-responsible growth strategy.”