PORTFOLIO

Over the past two decades, Fedrus International has invested in B2B companies with growth potential, supporting their leadership to evolve in professionalism, sustainability and profitability.

  • The business units in the Fedrus International group mostly share a focus, drive and passion for the building industry.
  • The holding team at Fedrus International bridges the interests of all external stakeholders to the management of the various business units, in order to maximize sustainable long term value.

Five business units under one umbrella

The business units act as stand-alone businesses operated by dedicated Management teams under the supervision of individual boards, acting in compliance with the Fedrus visions and long term goals, in order to guarantee future growth in striving to become the best partners in their respective industries.

VM Building Solutions

Leading solutions provider for systems in zinc, copper and EPDM

VM Building Solutions Deinze

VM Building Solutions Deinze

APOK

Preferred one-stop for the roof and façade installer through a large branch network

APOK Kampenhout

APOK Kampenhout

PLASTIVAN

Leading vertically integrated manufacturer of high-quality PVC and WPC products for the building industry

Plastivan Oostrozebeke

Plastivan Oostrozebeke

Heli

Complete solutions for work at heights or with long outreach

Nieuwe business unit

Heli Wetteren

Fedrus Growth Capital

Venture Capital Company

 

Investing in start-up and build-up companies

Nieuwe business unit

Fedrus Growth Capital Gent

  • 2025Fedrus Growth Capital acquire stakes in Aerobel, simAbs, Cyborn and BullSwap from Fedrus International

  • 2025Melis - Vandecruys BV

    Fedrus acquire stakes in Melis - Vandecruys realestate development and management firm

  • 2025Establishment of Fedrus Growth Capital BV

    New Venture Capital firm established under Fedrus International NV

  • 2025Fedrus acquire stakes in BullSwap BV

    BullSwap is an innovative build-up company in modern machine renting

  • 2023Acquisition of PLASTIVAN NV & Heli Group NV.
    Minority share of AEROBEL NV

  • 2022Continuation of success story with incorporation of Lysias Investment

    A vehicle for long-term investment for Fedrus staff and a limited number of external investors.

  • 2021Buyout of Sofindev and ING Private Equity

    Vandecruys-Steenbrugghe family becomes sole shareholder.

  • 2019Launch of 'Building Tomorrow'

    A project to secure Fedrus' growth and competitiveness.

  • 2017Further international expansion

    • Acquisition of VMZINC
    • Acquisition of MCP Defrancq in France
    Repositioning and name change from I.R.S. to BTech and VMZINC to VM Building Solutions.

  • 2015Entry of Sofindev and ING Private Equity

    As minority shareholders

  • 2013Acquisition of APOK

    Solid expansion of the Belgian distribution network

  • 2012Merger of I.R.S. and BTech

    Into the biggest Belgian distributor of EPDM roofing

  • 2009Incorporation of Fedrus International

    Formerly Fedrus Invest

History

From a small importer of roofing systems, Fedrus has grown significantly through numerous mergers and acquisitions, into a reference supplier of high-quality products, solutions and services for customers in more than 30 countries.

  • 2002Acquisition of Btech by Mark Vandecruys

  • 1994Launch of VMZINC

  • 1993Absorption of Vielle Montagne France into Union Minière

    Later Umicore

  • 1993Incorporation of I.R.S.

  • 1989Incorporation of MCP Defrancq

  • 1982Incorporation of Rubitech

    Later Btech

  • 1953Incorporation of APOK

  • 1837Incorporation of 'Society des mines et fonderies de zinc de la Vieille Montagne'

History before incorporation of Fedrus International (formerly Fedrus Invest)
 
VM Building Solutions
APOK
PLASTIVAN
Heli

History of the business units

For more details on the history of the different business units of Fedrus International, please visit the specific business units web pages.