Wierzbowski Eversheds Sutherland has advised Drukarnia Embe Press in Lublin on the sale of 80% of the company's shares to Innova Capital. Greenberg Traurig advised the buyer on the deal.
Drukarnia Embe Press is a supplier of labels and flexible packaging for the beverage and food industry. As a result of the transaction, the fund gains exposure, as Wierzbowski Eversheds Sutherland defines it, “to an attractive flexible packaging market.”
The founders of Embe Press, Slawomir Bezdek and Marian Mamczarz, will remain minority shareholders in the company and will support its further development from the Supervisory Board position.
Embe Press specializes in the manufacturing of labels utilizing flexographic printing technology, providing printing services, among others, for customers from the beverage and food industry in Poland and abroad. The company will continue focusing on the manufacturing of a range of labels and providing printing services.
Innova Capital plans to consolidate the flexible packaging market, including labels in Poland and Central Europe. According to Wierzbowski Eversheds Sutherland, this is the third transaction completed from the newest Innova/6 fund, which closed in April 2018. As a financial investor, Innova “will make it possible to follow through with plans for further development, including completing investments in the newly built manufacturing plant as well as ongoing improvement of products and expansion of the product range.”
Wierzbowski Eversheds Sutherland’s team consisted of Partner Michal Karwacki, Senior Associate Natalia Burchardt, Lawyers Krzysztof Wisniewski and Kamil Ciodyk, and Associate Zofia Piekarczyk.
The Greenberg Traurig team consisted of Managing Partner Jaroslaw Grzesiak, Partners Pawel Piotrowski, Andrzej Wysokinski, and Aleksander Janiszewski, and included Senior Associates Agata Wisniewska, Radoslaw Pawluk, and Mateusz Koronkiewicz, and Associates Agnieszka Stopinska and Katarzyna Goljan.
Editor’s Note: The article was updated to include additional members of the Greenberg Traurig team.