Holon-Translink in Poland, together with Translink Spain team have finalised a project to attract a global investor for the largest paper waste recycler in northern Poland – Fox Recykling. 76% of the company’s stakes have been acquired by Saica Group, a European market leader in the development and production of recycled paper for corrugated board and one of Spain’s largest family-owned companies with turnover of almost €4 billion.

Translink acted as exclusive transaction advisor to the owner of Fox Recykling in the transaction process, which included preparing the company for sale, identifying investors, negotiating key terms of the transaction, due diligence of the company and negotiation of transaction agreements. The transaction team at Translink included, Maciej Cieślak – Partner at Holon-Translink Poland, Maciej Bogacz – Manager at Holon-Translink Poland and Oscar Llaudet – Partner at Translink Spain.

As a result of the transaction, a 24% stake in the company was acquired by Marcin Malinowski and Radosław Malinowski, who were also appointed to the company’s new Board of Directors. In addition, Marcin Malinowski was appointed Regional Director at Saica Natur.

“This milestone is a step forward in Saica´s business growth strategy, not only by continuing our expansion into the Polish market with Saica Natur, but also with the aim of further developing our infrastructures and services in this market,” said Ramón Alejandro, President of Saica Group.

“For Fox Recykling, the transaction with Saica marks both a new opening and the continuation of our long-standing family tradition,” said Jarosław Malinowski CEO and former owner of the company.

“Together with Holon-Translink’s advisors, we were able to work out the optimal solution that not only allows us to sell the company to a global concern on very good terms, but also guarantees that my sons will remain in the business as both co-owners of the company and high-level managers in a global organisation. Thus, I feel that our long-standing know-how will be put to even better use, and the merger with a global player will provide both a chance for faster growth and stability.”

“We’re thankful to be part of this process and congratulate Fox Recykling for the trust it has received from the investors involved in the process. Saica Group, as a market leader in wastepaper recycling, but at the same time a family-based company with high business ethics, is a perfect fit for our client and the prospects for the merged companies look very promising,” said Maciej Cieślak, Partner at Holon-Translink Poland.