BIO-RACER

[BIZ: Hasselt, November 28]
Five years ago in 2001 LRM, the Belgium Limburg development company, took a stake in Bio-Racer NV from Tessenderloo. This was stake of 44%, and after a difficult initial period, the company has shown a number of years of good and stable growth. The company, which is active in the production of clothing for cyclists is now achieving annual revenues of EUR 7.5m and employs 58.

Bio-Racer distinguished itself from its competitors by having the whole production chain in-house and it guarantees flexibility and quality. Gerard Buteneers, the president of LRM, said Bio-Racer is a good example of how LRM can play a role in a family SME. Check the website.
http://www.bioracer.com/