Stratulat Albulescu has advised Prime Label and Innova Capital on Prime Label's acquisition of Grafoprint. EY Law Romanian affiliate Bancila Diaconu si Asociatii advised the sellers.
Prime Label Group is a label manufacturer in Central and Eastern Europe.
Grafoprint is a Romanian printing company.
"2024 is a milestone year for Prime Label," said CEO Arkadiusz Sapiecha. "We’re set to surpass EUR 100 million in sales, joining the ranks of Europe’s largest label manufacturers. Geographical expansion through the Grafoprint takeover creates new development opportunities for us. We see Romania as a market with great potential, although it is still underestimated."
"Today, Grafoprint begins a new chapter as part of Prime Label Group, marking our transition from a local business to a European player," commented Grafoprint Managing Director Octavian Tocaci. "We are excited to leverage our expertise within a European network and look forward to a fruitful collaboration ahead."
"We have been consistently developing the Prime Label portfolio for years, and entering new markets in the region is a natural step for us towards further growth," added Innova Capital Partner Michal Wojdyla. "We believe that close cooperation with the Grafoprint team and knowledge sharing will allow us to fully exploit the potential of the Group, especially in Romania."
The Stratulat Albulescu team included Managing Partner Silviu Stratulat and Counsel Raluca Gabor.
The Bancila Diaconu si Asociatii team included Partner Stefan Mantea and Senior Associates Larisa Jurca and Otilia Mitu.
