SWITZERLAND - Argos Soditic backs Misapor MBO

The acquisition was funded by re-investing shareholders, the management team and Argos Soditic funds with existing debt from Graubundner Kantonalbank.

Following the MBO, the company will finance new production facilities in new countries.

Located in Surava, Misapor manufactures foam glass granulate, a building material made from recycled glass. In its niche within the construction material market, Misapor is has a market share of 77% in Switzerland and 54% in Germany - currently the main two countries in the market for foam glass granulate.

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