Czech deputy PM Babis buys Polish Good Food
15:52
Hartenber Capital, owned by Czech billionaire and deputy Prime Minister, Andrej Babis acquired Good Food, a Polish firm from the fast-moving consumer goods sector (FMCG), the media reported. Hartenber purchased the company from Resource Partners.
"We have been looking for attractive assets in the FMCG sector in Poland for over a year. Good Food meets our investment criteria, because it generates strong and stable cash flows and has experienced management, which help us develop our business. I am glad that we will be coming back to Poznań, where our team has very successful experiences regarding Żabka Polska," said Józef Jonov, a managing partner at Hartenberg.
"This is an important year for Good Food. ... I believe that Hartenberg will support us in CEE markets and in Germany," said Robert Czajkowski, Good Food CEO.
This year, Good Food revenue is expected to exceed PLN 80 million.
