Innova buys Drukarnia Embe Press
Innova Capital has acquired Polish food labels and packaging business Drukarnia Embe Press alongside management.
Innova will hold an 80% stake in the business while the founders Sławomir Bezdek and Marian Mamczarz will remain minority shareholders.
It is the third transaction completed from Innova/6, a CEE-focused buyout vehicle that held a final close on €194m in April 2018.
The deal is only the second private-equity-backed buyout completed in Poland in 2019, and the third in the CEE region as a whole, according to Unquote Data.
Innova plans to consolidate the flexible packaging market in Poland and centre Europe, and said in a statement it is in advanced talks with several other players.
Company
Drukarnia Embe Press was founded in 1989 and is headquartered in Lublin. It manufactures labels and packaging for food and beverages using flexographic printing technology. The company employs 180 people and generated sales of PLN 70m in 2018.
People
Drukarnia Embe Press – Sławomir Bezdek, Marian Mamczarz (co-founders).
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