FOR IMMEDIATE RELEASE 13th April 2021 ARX Equity Partners (“ARX”), a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe, has today agreed to complete the acquisition of Promens Zlin.
ARX is acquiring the company from Berry Global (NYSE: BERY) with deal completion being subject to customary closing conditions. As part of the investment, ARX has agreed to partner with the company´s existing management team, who will continue to lead its future growth and development. Promens Zlin (headquartered in Zlin, Czech Republic) is a Tier 1 system and development supplier, focused predominantly on large vehicle exterior and interior parts, which are key components in the production of buses, earth moving vehicles and agriculture equipment.
Promens Zlin possesses exceptional R&D capability, especially in the important areas of reaction injection molding and vacuum forming. The company is currently undergoing a substantial capital expentiture programme to both expand and modernise its production facility, in order to meet growing demand from its customer base. In fiscal year ending 2020, Promens Zlin generated sales of ~€37million.
The transaction was originated by an MBO team lead by CEO Robert Zatloukal, who welcomed the opportunity to partner with ARX to acquire Promens Zlin. The MBO team was advised by Redbaenk (the Czech IMAP member) and Berry Global by Magma International AG. Tomas Lansky, Partner at ARX Equity Partners, commented: “ARX is delighted to partner with Promens Zlin, which represents an excellent case study of a successful Czech manufacturing company, producing sophisticated products that are well integrated into international supply channels. We are especially pleased to be able to work alongside the outstanding Promens Zlin management team, in order to pursue our joint objective to grow and expand the business in the coming years.”
Robert Zatloukal, CEO at Promens Zlin, commented: “Our enthusiasm and desire to seek new paths in technological progress enables our customers to be leaders in their field. Together with ARX, we have a great opportunity to accelerate this vision, mainly due to the ARX infrastructure investment support and expertise. At the same time, the Promens Zlin company culture and modern strategy will enable us to meet all stakeholder expectations.”
-ENDSMedia enquiries: EQ James Culverhouse +44 20 7223 1100 / +44 (0)7912 508 322 james.culverhouse@eqcorp.co About ARX: (www.arxequity.com) ARX Equity
Partners is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than € 300 million raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region. Headquartered in Prague, the firm’s activities are managed by an experienced and multinational team of investment professionals, combining a wide range of international expertise plus in-depth local knowledge. These features enable our portfolio companies to realize their full potential while achieving superior returns for our investors and partner entrepreneurs. Partnering with owners, managers and other coinvestors, ARX focuses on later stage growth-oriented investments, such as management buy-outs and buy-ins and industry consolidation transactions across all sectors.
About ARX: (www.arxequity.com) ARX Equity Partners is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than € 300 million raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region. Headquartered in Prague, the firm’s activities are managed by an experienced and multinational team of investment professionals, combining a wide range of international expertise plus in-depth local knowledge. These features enable our portfolio companies to realize their full potential while achieving superior returns for our investors and partner entrepreneurs. Partnering with owners, managers and other coinvestors, ARX focuses on later stage growth-oriented investments, such as management buy-outs and buy-ins and industry consolidation transactions across all sectors.
ARX is acquiring the company from Berry Global (NYSE: BERY) with deal completion being subject to customary closing conditions. As part of the investment, ARX has agreed to partner with the company´s existing management team, who will continue to lead its future growth and development. Promens Zlin (headquartered in Zlin, Czech Republic) is a Tier 1 system and development supplier, focused predominantly on large vehicle exterior and interior parts, which are key components in the production of buses, earth moving vehicles and agriculture equipment.
Promens Zlin possesses exceptional R&D capability, especially in the important areas of reaction injection molding and vacuum forming. The company is currently undergoing a substantial capital expentiture programme to both expand and modernise its production facility, in order to meet growing demand from its customer base. In fiscal year ending 2020, Promens Zlin generated sales of ~€37million.
The transaction was originated by an MBO team lead by CEO Robert Zatloukal, who welcomed the opportunity to partner with ARX to acquire Promens Zlin. The MBO team was advised by Redbaenk (the Czech IMAP member) and Berry Global by Magma International AG. Tomas Lansky, Partner at ARX Equity Partners, commented: “ARX is delighted to partner with Promens Zlin, which represents an excellent case study of a successful Czech manufacturing company, producing sophisticated products that are well integrated into international supply channels. We are especially pleased to be able to work alongside the outstanding Promens Zlin management team, in order to pursue our joint objective to grow and expand the business in the coming years.”
Robert Zatloukal, CEO at Promens Zlin, commented: “Our enthusiasm and desire to seek new paths in technological progress enables our customers to be leaders in their field. Together with ARX, we have a great opportunity to accelerate this vision, mainly due to the ARX infrastructure investment support and expertise. At the same time, the Promens Zlin company culture and modern strategy will enable us to meet all stakeholder expectations.”
-ENDSMedia enquiries: EQ James Culverhouse +44 20 7223 1100 / +44 (0)7912 508 322 james.culverhouse@eqcorp.co About ARX: (www.arxequity.com) ARX Equity
Partners is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than € 300 million raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region. Headquartered in Prague, the firm’s activities are managed by an experienced and multinational team of investment professionals, combining a wide range of international expertise plus in-depth local knowledge. These features enable our portfolio companies to realize their full potential while achieving superior returns for our investors and partner entrepreneurs. Partnering with owners, managers and other coinvestors, ARX focuses on later stage growth-oriented investments, such as management buy-outs and buy-ins and industry consolidation transactions across all sectors.
About ARX: (www.arxequity.com) ARX Equity Partners is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than € 300 million raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region. Headquartered in Prague, the firm’s activities are managed by an experienced and multinational team of investment professionals, combining a wide range of international expertise plus in-depth local knowledge. These features enable our portfolio companies to realize their full potential while achieving superior returns for our investors and partner entrepreneurs. Partnering with owners, managers and other coinvestors, ARX focuses on later stage growth-oriented investments, such as management buy-outs and buy-ins and industry consolidation transactions across all sectors.