Polish Confectioners Delic-Pol Bought Out By Resource-AXA Partnership Fund

The joint investor duo of PE investors Resource Partners and AXA Private Equity have completed the acquisition of Polish confectionery company Delic-Pol. The investment follows the setting up of a CEE-focused strategic alliance between the two investors in May 2010. Debt for the purchase was provided by the Structure Finance Bureau of the Corporate Banking Bank, who were under advisement of GESSEL. The buyers were advised by TS partners, while their counterpart on the seller’s side was KPMG.

Delic-Pol (www.zwc-mis.pl)

Delic-Pol was founded in 1992 and quickly became a leading force in the confectionery industry in Poland focusing on the biscuit segment. The manufacturing company has moved from humble beginnings to become 700-strong in terms of staff strength. A key acquisition in the history of Delic-Pol was executed in 2008 with the purchase of 50-year veteran of the confectionery industry, Miś. The acquisition helped to improve not only Delic-Pol’s geographic reach but its product range as well. Delic-Pol operates their manufacturing units with state-of-the-art technology and their own warehousing and distribution facilities, which include their own fleet of transport vehicles. The brand, which boasts more than 190 different kinds of confectionery, is now almost as well-known in America, Russia and the European Union states as it is in Poland. Since 1999, Delic-Pol has been the recipient of several notable citations, certifications and awards, including the Fair Play Enterprise award given by Poland’s Chamber of Commerce.