July 2017

Closing the investment in Melvit

We sold aminority stake in a leading Polish grain processor Melvit to the company's majority owner, who will regain the full control of the business.

Melvit is the leading Polishmanufacturer and distributor of groats, flakes and other grain products sold under several brands, such as ‘Melvit’, ‘Szczytno’ and HoReCa-dedicated ‘LeChef’, as well as under private labels. Since 2015 the company has operated one of Europe’s most modern grain processing plants. It offers the highest standards of product quality assurance, production efficiency and flexibility. Melvit is owned by Polfood, a Polish family office, specializing in food processing.

During Resource Partners involvement,Melvit became aleader on the Polish market, doubling sales and quadruplingEBITDA. In 2011, Resource Partners supported Melvit's founders in their efforts to modernize the company through a capital increase to finance the construction of a new production facility.

“We are happy to sell our shares as we achieved our investment goals. Melvit has aleading position on the Polish healthy food market and a high-quality asset base. It continues togrow and is pursuing further growth opportunities abroad. The strategy presented by our majority partner upon our entry proved to be the right one and Melvit’shighly capable management teamexecuted it perfectly,” said Piotr Noceń, Managing Partner of Resource Partners.

Kent Orrgren at the European Health and Fitness Forum in Cologne

Kent Orrgren, CEO at World Class, performed at the European Health and Fitness Forum in Cologne. The 5th annual event brought together top experts from different sectors of the industry and over 400 delegates from 34 countries to discuss human capital in the European fitness sector.

Torf Corporation and Women’s Health award

Our portfolio company, Torf Corporation, won the Product of the Year 2017 awarded by Women's Health magazine. The winning products were: