Together with AXA Private Equity we took over Delicpol
This transaction is another step in our cooperation with AXA Private Equity that started in May 2010 by creating a strategic partnership in Central and Eastern Europe.
Established in 1992, Delicpol is a leading Polish confectionery company specializing in biscuit manufacturing - cookies, dry biscuits, cocktail biscuits and gingerbread. Besides its own brands, the company is a significant contract supplier to the leading supermarkets in Poland and Europe. In 2008, Delicpol acquired Miś, a confectionary producer with more than 50 years of industry experience, which enhanced Delicpol’s product portfolio.
"The investment in Delicpol demonstrates our commitment to supporting Polish companies, both in terms of performance and geographical expansion. The company has been cooperating with modern and traditional retailers for a number of years and has shown that it can adapt to the increasing requirements and expectations of the retail market. We want to increase production capacity and support the company in the next stage of development,” said Ryszard Wojtkowski, Managing Partner of Resource Partners.
"Delicpol is a high quality, successful business with a very strong management, which is good news for our investors. Through our international network, we look forward to supporting the company as it continues to grow both domestically and internationally,” said Dominique Gaillard, Member of the Executive Board of AXA Private Equity.
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.