Good Food Products Sp. z o.o., with its 2 production facilities based in Skórzewo and Plewiska (both near Poznań, Poland), was established in 1991 as the first Polish manufacturer of rice waffles. Its products are sold primarily under private labels of Polish and Western European modern trade channels, as well as under the Good Food brand in Poland. During the period of Resource Partners involvement in the Company, the sales of Good Food nearly doubled and are expected to exceed PLN 80 million in 2015.
„We are delighted to announce this exit from Good Food. We have delivered 100% of our initial investment thesis and managed to transform the Company into the leading contract manufacturer in its category. Good Food is now a key player not only in its domestic market, but in major European countries including the UK, the Netherlands and Scandinavia. Good Food still has strong growth potential in other EU markets. This result was driven by the excellent financial performance of the Company, its clear growth strategy, and last, but not least – its human capital, including the high quality, capable and effective management team. I would like to thank Robert Czajkowski and his team for the great job they have delivered.” – said Piotr Noceń, Managing Partner of Resource Partners.
“It is an important step in the history of Good Food. Resource Partners with its sector experience has helped us to refocus the growth strategy and has driven us towards further expansion to new markets and new products. I believe that Hartenberg will support us in new CEE and German markets.” – commented Robert Czajkowski, CEO of Good Food Products Sp. z o.o.
"We have been looking for an attractive asset in the FMCG sector in Poland for more than one year. Good Food fulfils our investment criteria, as the company generates strong and stable cash flow and has a proven management team that stays on-board with us and will help us further grow the business. We are acquiring Good Food because we like its product, the healthy food industry and we want to accelerate its growth either organically or via acquisitions. I am personally happy that we are returning back to Poznan, where our team has a very successful past experience from the Zabka deal.” said Jozef Janov, Managing Partner of Hartenberg.
source: resourcepartners.eu
„We are delighted to announce this exit from Good Food. We have delivered 100% of our initial investment thesis and managed to transform the Company into the leading contract manufacturer in its category. Good Food is now a key player not only in its domestic market, but in major European countries including the UK, the Netherlands and Scandinavia. Good Food still has strong growth potential in other EU markets. This result was driven by the excellent financial performance of the Company, its clear growth strategy, and last, but not least – its human capital, including the high quality, capable and effective management team. I would like to thank Robert Czajkowski and his team for the great job they have delivered.” – said Piotr Noceń, Managing Partner of Resource Partners.
“It is an important step in the history of Good Food. Resource Partners with its sector experience has helped us to refocus the growth strategy and has driven us towards further expansion to new markets and new products. I believe that Hartenberg will support us in new CEE and German markets.” – commented Robert Czajkowski, CEO of Good Food Products Sp. z o.o.
"We have been looking for an attractive asset in the FMCG sector in Poland for more than one year. Good Food fulfils our investment criteria, as the company generates strong and stable cash flow and has a proven management team that stays on-board with us and will help us further grow the business. We are acquiring Good Food because we like its product, the healthy food industry and we want to accelerate its growth either organically or via acquisitions. I am personally happy that we are returning back to Poznan, where our team has a very successful past experience from the Zabka deal.” said Jozef Janov, Managing Partner of Hartenberg.
source: resourcepartners.eu
