The Rosti Group has acquired the Bianor group of companies (Bianor), from the Dutch-German based private equity company, Nimbus Investments.
Bianor is an injection moulder and assembly-solutions provider to the major OEMs within the small household appliances, electrical goods and safety accessories sectors.
Bianor, which was founded in 1997, 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 square meters footprint of modern manufacturing capacity, plus an additional 12,000 square meters of warehousing space. Bianor has in excess of 80 injection moulding machines ranging from 50 to 1,200 tonnes of clamping force.
Bianor will be incorporated into the European division of the Rosti Group, led by Executive VP and Deputy CEO, Barry Coughlan, who said the company is “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,” he commented. “Bianor has an excellent culture, a skilled and dedicated workforce, modern facilities and a reputation for innovation and continuous improvement.”
Borje Vernet, CEO of the Rosti Group, commented: “Having achieved our 2014 sales target of 400 million EURO (MEUR), which corresponds to a doubling of sales since 2011, we are now focusing on our new financial targets, including a new sales target of 900 MEUR 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.”
The transaction is expected to close in the third quarter of 2015, subject to necessary approval by the Polish Office for Competition and Consumer Protection.