Swedish-owned Rosti Group, with manufacturing in among others China, Malaysia and Sweden has announced an agreement regarding the acquisition of 100% of the shares in the Dutch holding company Boog B.V., and indirectly the Bianor group of companies (Bianor), from the Dutch-German based private equity company, Nimbus Investments.
Rosti Group is a global plastics injection moulding company and subcontract manufacturer to the Automotive, Packaging, Consumer & Professional Appliances, Business Machines, and Life Sciences markets.
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 will be incorporated into the European division of the Rosti Group, led by Executive VP and Deputy CEO Mr Barry Coughlan, who commented: “We are 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. Bianor has an excellent culture, a skilled and dedicated workforce, modern facilities and a reputation for innovation and continuous improvement, all complimenting the ‘Rosti Way’ of operating.”
Borje Vernet, CEO of the Rosti Group, commented, “Having achieved our 2014 sales target of 400 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. With our dedication to customer care and our aim to always exceed our customers’ expectations, supported by a targeted investment plan, we are confident that we can continue to serve our customers in a professional way.”
Rosti has 10 manufacturing facilities, with a combined turnover of 450 MEUR and 3,400 employees and over 550 moulding machines, ranging from 25T to 2700T. Rosti is owned by the Swedish investment group Nordstjernan.