Prime Label Acquires Romanian Printing Company Grafoprint
Deal News | Nov 05, 2024 | CEE Legal Matters
The article reports on Prime Label Group's acquisition of Romanian company Grafoprint. Prime Label, a leading manufacturer of labels in Central and Eastern Europe, aims to expand its geographical footprint through this acquisition, reaching new markets including Romania, which is seen as having significant growth potential. CEO of Prime Label, Arkadiusz Sapiecha, expressed confidence in surpassing EUR 100 million in sales and becoming one of Europe's largest label manufacturers. Grafoprint's inclusion in the group marks a transition from a local to a European market presence, according to its Managing Director, Octavian Tocaci. Innova Capital Partner, Michal Wojdyla, emphasized the strategic importance of the acquisition for Prime Label's growth. Legal assistance for the deal was provided by Stratulat Albulescu and Bancila, Diaconu si Asociatii.
Sectors
- Manufacturing
- Printing
- Legal Services
Geography
- Romania – Grafoprint is a Romanian company and the acquisition by Prime Label emphasizes strategic expansion into the Romanian market.
- Central and Eastern Europe – Prime Label operates in Central and Eastern Europe, indicating the regional focus of its business activities and growth plans.
Industry
- Manufacturing – The article revolves around Prime Label, a manufacturer of labels, highlighting the manufacturing sector as the primary industry.
- Printing – Grafoprint, the target company, operates within the printing industry, making it relevant to the context of the acquisition.
- Legal Services – The involvement of law firms Stratulat Albulescu and Bancila Diaconu si Asociatii in facilitating the transaction highlights the role of legal services.
Financials
- EUR 100 million – Prime Label aims to surpass EUR 100 million in sales as part of its growth strategy through the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Prime Label Group | Acquirer | Company | A manufacturer of labels in Central and Eastern Europe, aiming to expand its market presence. |
| Grafoprint | Target | Company | A Romanian printing company that has been acquired by Prime Label Group. |
| Innova Capital | Private Equity Firm | Company | A private equity firm participating in Prime Label's growth strategy and acquisition efforts. |
| Stratulat Albulescu | Legal Advisor | Company | A law firm involved in providing legal advice for the acquisition. |
| Bancila, Diaconu si Asociatii | Legal Advisor | Company | A law firm involved in providing legal advice for the acquisition. |
| Arkadiusz Sapiecha | CEO | People | CEO of Prime Label, overseeing strategic expansion and growth targets. |
| Octavian Tocaci | Managing Director | People | Managing Director of Grafoprint, involved in the transition of Grafoprint into Prime Label Group. |
| Michal Wojdyla | Partner | People | Partner at Innova Capital, supporting Prime Label's acquisition strategy and growth. |