News and current reports
Kofola Group acquires one third of shares in General Plastic, a. s.
3. 12. 2021
Yesterday, 2 December 2021, Kofola a.s. (SK) and Mattoni 1873 a.s. signed an agreement on the purchase of one third of the shares (each) in General Plastic, a. s. with its registered office in Kolárovo, Slovak Republic. GP Alliance, s.r.o. will retain the remaining third of the shares.
The transaction will be effective upon satisfaction of conditions precedent, in particular the approval of the competition authorities.
All parties have agreed not to disclose the transaction price.
In 2020, General Plastic, a. s. generated annual sales of approximately EUR 17 million.
The company General Plastic, a. s. is a producer of hot-washed PET flakes and PET preforms in Slovakia, for the production of which it uses recycled PET bottles.
Our acquisition is a logical step towards fulfilling our commitments in the use of rPET recyclate and is also part of our sustainable approach to packaging.