In the last days of August a transaction was completed under which Holding Soprema S.A. acquired a majority stake in Termo-Organika sp.z o.o. (The “Company”), ie: all shares which up to the time of the sale transaction had in its current financial partner – the company NPN II S.a.r.l. registered in Luxembourg and part of shares held by the Company’s minority shareholders.
The SPCG Law Firm represented the sellers – minority shareholders and the current financial partner of the Company. The team of lawyers led by SPCG’s Partners Jakub Górski PhD and Łukasz Zięcina, included also Łukasz Przyborowski Senior Associate, Jakub Zieliński Junior Associate and Jakub Puciato Associate.
The Company’s Management Board will remain unchanged, and the existing managers will continue to be its partners and will continue to be fully responsible for business development. Plans for the future include increasing and improving the product and system portfolio as well as developing synergies with the Soprema network of companies in order to offer clients better solutions and increase the export potential of Termo-Organika.
Termo-Organika was founded in 1997 in Mielec and is the largest producer of polystyrene boards in Poland. The company has five factories: four polystyrene production plants – in Mielec, Głogów, Siedlce and Rypin, and a construction chemistry production plant in Pyrzyce. The company has an extensive distribution network covering the entire country.
Soprema, founded in Strasbourg in 1908, is a global company specializing in waterproofing and insulation of buildings and civil engineering. The Soprema Group has 67 production plants in Europe, North America and Asia, and in 2018 achieved revenues of € 2.75 billion.