INITIUM is proud to announce its first successful participation in the form of a Management Buy-Out at RIHO, a renowned manufacturer of modern and quality bathroom products. After almost 40 years, the family business, formerly owned by the Dutch Janssen family, will be owned by the existing management, supported by INITIUM as financial strategic partner.
Led by RIHO’s experienced management team, consisting of CEO Guy Claesen, CFO Dankfried Verhage, CPO Bardo Govaarts and CCO Ronald Kloppenburg, INITIUM will contribute to the further development and international growth of the company. Together, we aim to take RIHO to an even higher level.
Over the years, RIHO has established itself as a leading player in the sanitary sector, with a wide range of contemporary baths, shower enclosures, shower trays and bathroom furniture. Almost 40 years of experience and the pursuit of their core values – quality, design thinking and efficiency – have led to a strong international presence with almost 1,600 points of sale in Europe and branches in the Netherlands, Belgium, Germany, Poland, the Czech Republic and Hungary.
The cooperation between INITIUM and RITE came about after a meeting between former Genk native and current CEO of RITE, Guy Claesen, and Genk native Maarten Bynens. Both parties saw a unique opportunity to further strengthen and accelerate RIHO’s growth. The entire management team has joined this strategic takeover, ensuring continuity and expansion of the company’s operations.
INITIUM confidently looks forward to a successful cooperation with RIHO’s management team and looks forward to the many opportunities to realise RIHO International’s growth ambitions together.
