TechPlasty is a Slovak company specializing in expert consulting, custom production of technical plastics, semi-finished products, and finished products made from technical plastics, with prompt delivery to customers. The company has become a leading player in the Slovak industrial plastics segment over the last 30 years. Thanks to its proprietary system, the company serves more than 1,500 active customers and processes over 11,000 orders annually. The company is headquartered in Žilina. Current owners of TechPlasty have decided to capitalize on their efforts and seek a strong financial partner to support the company's further growth.
The current owners of the company are retaining a minority stake in TechPlasty and will gradually transfer managerial responsibilities to internal managers who have been prepared for this role. Together with GGEF I, they will cooperate on creation and evaluation of strategic development plans.
Radim Jasek, Partner at Genesis Capital Growth, said: "The technical know-how within the company and the founders' systematic approach left a very strong impression on us. We believe that the long-standing experience in the industrial plastics market, combined with the support of a strong financial investor, will create the right mix for the further dynamic development of the company."
Michael Hora, CEO and shareholder of TechPlasty, added: "We firmly believe that, through our partnership with Genesis Capital Growth, we have secured a strong partner for TechPlasty, its employees, and its partners, which will help us ensure the company's future growth. Our common plans aim at consolidating the fragmented technical plastics market and expanding into other European markets."
About TechPlasty
The company was founded in 1992 as a branch of the German company Murtfeldt, which operates in several EU countries in the technical plastics sector. After the founders decided to leave the Slovak market, the company transitioned into the hands of Slovak management. Through generational change, the company was transferred into the hands of the successors – the current owners. One of the co-owners currently serves as the CFO, while the other is the CEO responsible for the strategic development of the company. Both owners will remain as minority shareholders. They have been preparing internal management successors who are gradually taking over the company's leadership. The company has 16 employees, achieved revenues of €4.6 million in 2023, and is headquartered in Žilina.
For more information, please visit: www.techplasty.com
Advisors to the transaction
SHighgate Law & Tax served as the legal and tax advisor, and PANAGA acted as the financial advisor for the Genesis Growth Equity Fund I.
The owners of TechPlasty were represented by Integrity Partners for transaction advisory services and by the law firm NITSCHNEIDER & PARTNERS for legal advisory services.
Contacts:
Adéla Veselá, Insighters s.r.o.
E-mail: adela.vesela@insighters.cz; tel.: +420 722 193 819