Resource Partners will invest in Melvit S.A.
Funds managed by Resource Partners signed an investment agreement to participate in a capital increase in Melvit S.A. (“Melvit”) in exchange for PLN 30 million investment.
“By attracting a financial partner we have gained a possibility to modernize and increase our production capacity. We have also gained access to additional resources required for acquisitions in Poland and Central Europe.” said Sławomir Kamiński, CEO of Melvit S.A.
“We appreciate the market achievements of Melvit S.A. and our investment in the Company reflects our views on Melvit’s organic growth potential as well as market consolidation possibility.” – said Piotr Noceń, Managing Partner at Resource Partners.
Established in 1998 Melvit S.A. specializes in manufacturing, packaging and distribution of loose food ingredients such as groats, rice, cereal and flour. Products are offered under two brands: MELVIT and Szczytno Premium, both in traditional and modern trade.
Resource Partners private equity funds specialize in growth financing of consumer goods and services companies. Resource Partners operates in Central and Eastern Europe and has among its LPs such leading international financial institutions as: AXA Private Equity, European Bank for Reconstruction and Development, European Investment Fund and Rabobank.
Ul. Przemysłowa 1
07-410 Ostrołęka, Poland
tel. +48 29 760 6541
Resource Partners Sp. z o.o.
Al. Armii Ludowej 26
00-609 Warszawa, Poland
tel. +48 22 579 8200
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.