Torqx acquires party products business Folat

torqx

Torqx, the H2 Equity Partners spin-out, has acquired party products company Folat.

Folat designs, manufactures and distributes decorative goods and party accessories. It operates across the Benelux region and also has a direct-to-consumer e-commerce site, Feest Winkel.

The company was founded in 1993 by Alex Adrichem and Marc Mulckhuyse. Based in Haarlem, it has further sales offices in Belgium and Germany and employs 70 people.

Torqx spun out of H2 Equity Partners in 2015 and is deploying a €150m fund. Other portfolio companies include motorcycle parts business Hoco Parts and food equipment supplier Fri-Jado.