Capital Partners acquires Ekoplast

Capital Partners intends to acquire shares in Ekoplast via private equity funds managed by its subsidiary TFI Capital Partners.

With Capital Partners on board, Ekoplast plans to expand into France and other regions of western Europe.

Ekoplast simultaneously announced that it has secured financing for the construction of a new window factory of around PLN 25m, of which PLN 7.5m has been obtained from EU subsidies.

The manufacturer is building a new production plant in Wieliczka, which will reach full production capacity by the third quarter of 2018. The facility will completely replace the current location in Krakow, which will be sold. 

Previous funding
In December 2016, Ekoplast intended to raise capital via a public offering on the Warsaw Stock Exchange. Instead of conducting an IPO, the company decided to issue new shares that were acquired by CP FIZ, the investment fund managed by TFI Capital Partners.

Company
Headquartered in Krakow, Ekoplast manufactures and distributes speciality windows and doors made from PVC and aluminium. It reported sales of PLN 34m and EBITDA of PLN 1.3m in 2014.

People
TFI Capital Partners – Adam Chełchowski (CEO).
Ekoplast –  Dariusz Chwastek (CEO, co-founder).

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