We invested in Melvit S.A.
We signed an investment agreement to participate in a capital increase in Melvit according to which we will invest PLN30 million and acquire a significant minority stake.
Established in 1998,Melvit S.A. specializes in the manufacturing, packaging and distribution of loose food ingredients such as groats, rice, flakes and flour. Products are offered under two brands: Melvit and Szczytno Premium, both in the traditional and modern trade.
“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.
“We appreciate the market achievements of Melvit and our investment in the company reflects our views on Melvit’s organic growth potential, as well as market consolidation possibilities,” said Piotr Noceń.
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.