2ndLOF B.V.

Presentation of the company

Created in 2012, 2ndLOF B. V. is active in the recycling sector. The company, managed by Ruud Kortink, has 25 employees and is based in Utrecht. The name of the company stands for second life of foam, one of the main components in mattresses. The company is also known as Matras Recycling Europe B. V.

Mr. Ruud Kortink, managing director, has overall more than 10 years of professional experience in the sector.

The company’s main activity is:

• Recycling of mattresses.

The company works with large waste recyclers (like Suez), municipalities and bedstores.

The company’s businessmodel includes three main drivers, collecting mattresses from aforementioned parties, recycling and the sale of components after the process.

Project Description

The company requests 700. 000 € with 5 months of deferred repayment to finance the purchase of a new recycling machine. This machine will double the capacity and increases the number of subtracted components from the recycled mattresses. This project will be realised in the next few months.

The amount offered on the platform is limited to 343000€, which is in line with the regulatory limits.