INVL Baltic Sea Growth Fund<\/strong><\/a>, the leading private equity fund in the Baltic States, together with its portfolio company <\/strong>Eco Baltia<\/strong><\/a>, the largest environmental resource management and recycling group in the Baltics, has closed an agreement for the acquisition of 70% of the shares in Metal-Plast. Metal-Plast is the largest recycler of PVC window and door profiles in Poland.<\/strong> <\/strong><\/p>\n\n\n\n As a result of the transaction, Eco Baltia and INVL Baltic Sea Growth Fund now own 70% of Metal-Plast, with 38.5% and 31.5% respectively. Family Foundation SIDN retains a 30% stake in the company. INVL Baltic Sea Growth Fund owns a 52.81% stake in Eco Baltia, while 30.51% is owned by the European Bank for Reconstruction and Development. The remaining shares are owned by M\u0101ris Simanovi\u010ds. <\/p>\n\n\n\n Sebastian Fedorowicz, founder of Metal-Plast, commented:<\/strong><\/p>\n\n\n\n “This year marks the third decade of Metal-Plast, which is a significant period in the company’s development. During these years, we have strengthened our position as the largest recycler of PVC window and door profiles in Poland. Our products and services cover the Czech Republic, Germany, Hungary, Slovakia, Austria as well as other countries. We are now ready to take the next steps in our international development, where we will continue to work in close partnership with Eco Baltia and INVL Baltic Sea Growth Fund”.<\/em> <\/p>\n<\/blockquote>\n\n\n\n J\u0101nis Aizbalts, Head of Environmental Services at Eco Baltia, commented:<\/strong> <\/p>\n\n\n\n “In recent years, we have witnessed the rapid development of the Eco Baltia Group. We have expanded our activities in our home market, in Lithuania, in Czech Republic and now also in Poland. The group’s business portfolio thus far includes environmental management services and plastic packaging recycling, and since 2022 PET fiber production in addition. We are pleased to now have the opportunity to further contribute to the PVC recycling sector together with Metal-Plast”.<\/em> <\/p>\n<\/blockquote>\n\n\n\n Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund and Chairman of the Eco Baltia Supervisory Board, added:<\/strong> <\/p>\n\n\n\n \u201cMetal-Plast is a welcome addition to our portfolio as the 8th investment, as circular economy remains to be one of our key strategic verticals. Exciting growth journey awaits ahead in partnership with one of the most successful portfolio companies to date Eco Baltia and founder Mr. Fedorowicz as Metal-Plast turns a new page in its development.\u201d <\/em> <\/p>\n<\/blockquote>\n\n\n\n Metal-Plast has an annual turnover of ~\u20ac34 million and employs ~200 people. The company is based in \u015awiebodzice, in the Polish province of Lower Silesia. Metal-Plast’s current recycling capacity is ~29,000 tonnes per year. There are plans to increase this by a factor of 1.5 to ~45,000 tonnes per year, thereby further increasing its contribution to the circular economy. To contextualise, one tonne of recycled PVC saves two tonnes of CO2 emissions, which has a significant and positive impact towards the European Union’s climate neutrality targets. <\/p>\n\n\n\n The company will continue to be led by Chief Executive Officer Mr. Grzegorz Jasinski<\/strong>. Jasinski concluded: <\/strong> The acquisition of Metal Plast was financed by mBank, the Polish bank of the Commerzbank Group. “From both a banking and advisory perspective, we are seeing an increased inflow of regional capital – including from the Baltic States – into Poland as the largest CEE economy. The recycling \/ circular economy segment is one of the most interesting at the moment, both in terms of ESG impact and business attractiveness”.<\/em> <\/p>\n<\/blockquote>\n\n\n\n The owner of Metal-Plast was advised by M&A advisor mInvestment Banking S.A. (part of mBank Group) and law firm O\u017c\u00f3g Tomczykowski. Eco Baltia and INVL Baltic Sea Growth Fund were advised by Wolf Theiss, Sorainen and Deloitte. <\/p>\n","protected":false},"excerpt":{"rendered":" INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, together with its portfolio company Eco Baltia, the largest environmental resource management and recycling group in the Baltics, has closed an agreement for the acquisition of 70% of the shares in Metal-Plast. Metal-Plast is the largest recycler of PVC window and […]<\/p>\n","protected":false},"author":1,"featured_media":574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/comments?post=1912"}],"version-history":[{"count":1,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1912\/revisions"}],"predecessor-version":[{"id":1913,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/posts\/1912\/revisions\/1913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media\/574"}],"wp:attachment":[{"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/media?parent=1912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/categories?post=1912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecobaltia.lv\/en\/wp-json\/wp\/v2\/tags?post=1912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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“One of Metal-Plast’s core values is for continuous development, where we are now entering a new and exciting phase for. We are delighted to have such influential market players with their extensive experience in international waste management operations and recycling, join our shareholder base. In close cooperation with Eco Baltia and INVL Baltic Sea Growth Fund, we will now be able to achieve even higher recycling targets for PVC window and door frames. This direction of travel will be particularly important in the coming years, when a wave of window replacement is expected in a number of European Union countries.”<\/em> <\/p>\n<\/blockquote>\n\n\n\n
Tomasz Niewola, Head of Investment Banking at Polish bank mBank:<\/strong> <\/p>\n\n\n\n\n