Swedish Rosti acquires Bianor Poland
12:38
Swedish plastics injection moulding company Rost Group signed an agreement on Wednesday regarding the acquisition of 100 percent stake in the Dutch holding company Boog B.V. Indirectly, this includes acquisition of the Bianor Group, from Nimbus Investment, a Dutch, German-based private equity company.
Bianor Poland will be incorporated into the European division of the Rosti Group.
The value of the deal was not revealed.
The transaction is expected to close in the third quarter of 2015, though it still has to be approved by the anti-monopoly watchdog UOKiK.
Bianor was founded in 1997 as a Polish-Dutch joint venture based in Białystok. The firm is a solution provider for plastic injection moulding and contract manufacturing.