BB Capital Investments participates in Dutch Travel Health Group (Care Plus)
July 11, 2017
BB Capital Investments participates in Dutch Travel Health Group (known for brand CARE PLUS)
The Hague - Investment company BB Capital has taken an interest in Dutch Travel Health Group (THG). Both parties are announcing this today. THG now has the opportunity to expand its position as a market leader in anti-insect products and travel healthcare innovations.
The purpose of the investment is to double the turnover in the next four years, including the expansion of foreign operations. THG offers a comprehensive range for the health protection of travelers with the operating company Tropicare and premium brand Care Plus. Most commonly known are EU registered DEET anti-insect products and impregnated mosquito nets for the prevention of malaria and other infectious diseases.
"With BB Capital's participation, we have the opportunity to expand our international growth strategy," says Arnoud Aalbersberg, CEO of the Travel Health Group. 'Care Plus products are available throughout Europe through an extensive retail network and in our international webshop. In addition, our most popular products are available as white label. We are unique with our 7 registered DEET formulations in Europe. Those USPs will make sure we double our current sales of 10 million Euros in the next four years. "
Father to son
The headquarters of the Travel Health Group are located in Almere. The company was founded in 1988 under the name of Primmed BV by Aalbersberg Sr. As a pharmaceutical wholesaler in travelers’ vaccines. Under management of Arnoud Aalbersberg, the labels Tropicare and Care Plus were introduced in 1992. Safe travels, great stories is THG's mission: the combination of information on health risks, education (including shop staff) and the best-performing products are the foundation for success. In 1999 Aalbersberg acquired the company from his father and started the international expansion strategy. The Travel Health Group has grown to 16 employees with sales outlets in almost 30 countries.
'The Travel Health Group is a company with ambitious goals and proven results. In combination with serious social involvement and quality of management, these have been the pillars we have chosen to invest, "says Susan van Koeveringe of BB Capital Investments. The investment is in line with recent other impact investments made by the Hague investment company in the past period. BB Capital invests in growing Dutch SME’s in various sectors, including education, care, ICT and business services.