We invested in Delicpol
We signed an investment agreement with Delicpol. Closing of the transaction depends on the decision of Poland's Anti-Monopoly Authority.
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. We want to increase production capacity and we don't exclude our involvement in the consolidation of the market," said Ryszard Wojtkowski, Managing Partner of Resource Partners.
“In 20 years of hard work we created a company that became a leading confectionary producer and the unquestioned leader in the production of Jaffa cakes. We have reached a stage of development that required finding an investor who will support us in further development. We are glad and convinced that Resource Partners with itsexperience in food products will give us financial and professional backing for our ambitious plans for the future," said Zbigniew Czupryna, Chairman of the Supervisory Board and the major shareholder of Delicpol.
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.