MEP to increase its stake to 100% in Walmark
Walmark is a major Consumer Healthcare player in Central and Eastern Europe with a leading position in dietary supplements in the region. Mid Europa originally acquired a 50% stake in the Company in December 2012.
Michelle Capiod, Partner at Mid Europa commented: "We would like to thank the Walach family for our excellent partnership and wish them great success in their future endeavours. We have jointly transformed Walmark from the leading dietary supplements business in Central and Eastern Europe into a focused consumer healthcare platform with an exciting pipeline of new products. We are delighted to continue our active support of management in their execution of this successful strategy."
Adam Walach, on behalf of the founders, stated: “As passionate entrepreneurs, we have always enjoyed new challenges and opportunities. After 25 years of building Walmark, we have decided to pursue other interests and new investment opportunities, capitalising on our experience. We also want to actively engage in socially responsible and philanthropic projects.”
Jorge Manuel, Walmark’s CEO, added: “This evolution in Walmark's ownership will not alter our strategy and priorities. I and the whole Walmark team remain highly motivated to materialise the value creation opportunities ahead of us through our commitment to consumer insight led innovation and brand equity building in partnership with pharmacists and other healthcare professionals across Central and Eastern Europe.”
Walmark is a major Consumer Healthcare player in Central and Eastern Europe with a leading position in dietary supplements in the region. It is number one in the Czech Republic, Slovakia, Romania, Bulgaria and Hungary, holding significant positions in Poland and Baltics as well. Besides the above mentioned countries Walmark exports its brands and products to an additional 54 countries around the World. Its product portfolio includes major brands like Proenzi, Minimartians, Idelyn Beliema, Urinal, Spektrum, Prostenal and Walmark line. Company employes a total of nearly 700 people.
About Mid Europa Partners
Mid Europa Partners is a leading independent private equity firm focused on the growth markets of Central and Eastern Europe and Turkey. Operating from London, Budapest, Warsaw and Istanbul, Mid Europa Partners advises and manages funds of approximately €4.2 billion.
Mid Europa has a pan-regional approach, acquires market leading companies, principally in domestic-focused growth industries, and since inception in 1999, has completed 31 investments across 18 countries in the region.