Injection molding company Rosti AB has secured the purchase of Bianor Sp. z.o.o. from the Dutch-German private equity company Nimbus Investments.
Bianor is an injection molder and assembly-solutions provider within the small household appliances, electrical goods and safety accessories sectors. The firm was founded in 1997 as a Polish-Dutch joint venture in Bialystok, northeast of Warsaw, Poland. It has since developed a factory in Bialystok and a second facility in Ploiesti, Romania.
Combined, the two facilities offer 20,000 square meters of manufacturing capacity, plus an additional 12,000 square meters of warehousing space.
Bianor has more than 80 injection molding machines ranging from 50 to 1,200 tons of clamping force and will be incorporated into Rosti's European division, led by Barry Coughlan, executive vice president and deputy chief executive.
Coughlan said in a news release: “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.”
Malmo, Sweden-based Rosti has 10 manufacturing facilities, located in the United Kingdom, Sweden, Germany, Poland, Turkey, China and Malaysia. The company is owned by Swedish investment group Nordstjernan.
Edwin Puijpe of Nimbus Investments, a hands-on investor with offices in the Netherlands and Germany, said in a news release: “Together with local management, we have worked hard over the last eight years to bring Bianor to where it is today. In this period we have invested in two brand new factories. The customer base has been increased from three to more than fifteen OEM customers, all with leading positions in their sector. We are very proud of what has been achieved through the dedicated management team and workforce, which we like to thank for that. We are confident that Bianor will continue to grow and develop under the Rosti leadership.”