IZOBLOK S.A. secured the FDI Poland Investor Award in two categories: Top Cross-Border M&A Deal of the Year and Top Polish Investor in Germany. In August 2016, after bilateral fulfillment of all transactional conditions, IZOBLOK assumed 100% ownership of the German company SSW PearlFoam. The final transactional amount was a little over EUR 21 million (approx. PLN 91.5 million).
An independent three-person jury consisting of trade advisors at embassies, investment experts and representatives of finance institutions, selected 8 out of 51 Polish companies which achieved considerable success in 2016 as part of an international expansion on DACH countries, USA, China, France or Spain. Selection criteria included Company innovation, strategic significance of transactions for the Polish economy, industry position, size of investment. The fourth edition of the competition was accompanied by an award gala.
The transaction of acquiring our German competitor posed a big challenge to us. That is why I am all the more happy that it was awarded with the best M&A transaction of the year. The acquisition of SSW PearlFoam brings undeniable and absolute synergies in the technological, logistic and sales areas. Not only will their effects reinforce our position in Europe, but it will also allow for undertaking fully global business ventures, which our customers are eagerly waiting for. – says Przemysław Skrzydlak, President of IZOBLOK S.A.