Rosti Group Acquires Bianor Poland and Romania
Rosti Group, Malmö, Sweden, announces signing of an agreement regarding the acquisition of 100% of the shares in the Dutch holding company Boog B.V., and indirectly the Bianor group of companies (Bianor), from the Dutch-German based private equity company, Nimbus Investments. Bianor is an injection molder and assembly-solutions provider to the major OEMs within the small household appliances, electrical goods and safety accessories sectors.
Bianor was founded in 1997 as a Polish-Dutch joint venture in Bialystok, north east of Warsaw, Poland. Bianor has since developed a state-of-the-art factory in Bialystok (2012) and a second facility in Ploiesti, Romania, 60 km outside Bucharest (2013). Combined, the two facilities offer 20,000 m2 footprint of modern manufacturing capacity, plus an additional 12,000 m2 of warehousing space. Bianor has in excess of 80 injection molding machines ranging from 50 to 1,200 ton clamping force.
Bianor will be incorporated into the European division of the Rosti Group, led by Executive VP and Deputy CEO Barry Coughlan, who commented “We are delighted with the acquisition of Bianor. This will enhance our capacity, capability, customer base and geographic positioning, giving Rosti the opportunity to support additional customers within our global footprint.”
Borje Vernet, CEO of the Rosti Group, added “Having achieved our 2014 sales target of EUR400 million, which corresponds to a doubling of sales since 2011, we are now focusing on our new financial targets, including a new sales target of EUR 900 million by end of the decade. The acquisition of Bianor is a significant and strategic step in this plan and it will introduce Rosti to a number of market leading OEMs. With Rosti facilities in the United Kingdom, Germany, Sweden, Poland and Turkey and, following the acquisition of Bianor, also in Romania, we have excellent coverage in Europe which is a good complement to our highly successful businesses in China and Malaysia.”
Bianor Sp. Z.O.O.
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