Golpasz S.A. Acquisition
We have acquired a majority stakein Golpasz from company's previous and current employees.
Golpasz is the leading Polish producer and supplier of industrial feed for farm animals, mainly poultry, pigs and cattle. The company has four production sites in Central and Northern Poland. In 2015, Golpasz completed its investment in a modern production plant in PodkoniceDużeand doubled its production capacity.
Together with company's Management Board, which remains a significant shareholder, we plan to continue providing animal feed to existing clients, as well as accelerating geographic expansion in Central Poland.
"As a result of Resource Partners’ investment in Golpasz, we gained a strong partner for the further development of the company. Thanks to Resource Partners’ specialization in the food and agriculture sector we will benefit not only thanks to strong financial backing, but also by gaining access to specializedindustry knowledge," said the CEO of Golpasz S.A., Andrzej Warnel.
“We have decided to acquire a majority stake in Golpasz because we appreciate the company's achievements and believe in its further dynamic growth. We are impressed by the success of the Polish poultry industry, which in recent years has become aleader in the European Union. With the opening of a new, modern plant Golpasz is fully prepared to take advantage of the opportunity offered by the rapidly growing Polish poultry industry, providing its current and new customers with the highest quality products at attractive prices," said Aleksander Kacprzyk, Managing Partner of Resource Partners.
“In the near future we are going to focus on the full utilization of Golpasz’s production capacity. At the same time, we are open to taking part in the ongoing consolidation of the Polish animal feed industry, as well as to support its further organic expansion,” said Ryszard Wojtkowski, Managing Partner of Resource Partners.
In accordance with an earlier agreement, we bought additional shares from the minority shareholders and increased our stake in Golpasz S.A. from 67 per cent to 85 per cent. We have been an investor in Golpasz S.A. since December 2015.
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.