KORTRIJK, Belgium — Bart Vercaempst, CEO of Lapauw Group, a laundry equipment manufacturer based here and with U.S. operations based in Rhode Island, reports the company achieved 28% growth in order intake together with an increased next-level turnover while securing double-digit percentage earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2024.
“Our company has reported outstanding financial performance for the fiscal year 2024, revealing significant growth metrics that illustrate a robust recovery following challenges faced during the COVID-19 pandemic,” he shares.
“Furthermore, we made significant investments to support further growth of our business, including the execution of several improved program launches spanning the total Lapauw product portfolio.
“2025 continues to reveal the depth of our team’s character, which brought us together to overcome hardship, while we strategically advanced our mission to support all our customers across all markets around the globe.”
Vercaempst says the company’s recent transformation journey has enabled it to further drive profit expansion through enhanced companywide efficiencies, robust and new supply-chain collaborations, and enhanced product engineering.
He also notes that CIM Capital, which has been the owner of Lapauw since 2022, has been providing stability and strategic direction during the company’s transformative period across all its business entities and functions.
“This transition has infused the company with fresh capital and a renewed vision for growth, further enhancing its financial stability and operational capabilities,” says Vercaempst.
“We are a performing organization that is driven solely by our shared commitment to doing business the right way. Through hard work, integrity and determination, the collective ‘One Lapauw’ team has done an outstanding job keeping safety and quality at the forefront of all that we do while also ensuring that everyone is valued and treated with respect.”
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