Our News

Hunt in Poland pays off again for Bounty – bdlive.co.za

By MARC HASENFUSS - BUSINESS DAY | September 29, 2017

Bounty Brands, the fast-moving consumer goods business with plans to list on an international bourse and the JSE, has made another acquisition in Poland.

This week Bounty – which is controlled by Cape Town-based investment firm Coast2Coast — announced the acquisition of Poland-based Stella Pack for an undisclosed amount.

Like JSE-listed healthcare brands conglomerate Ascendis — which is also controlled by Coast2Coast — Bounty has followed an aggressive growth-by-acquisition strategy over the past two years. Stella Pack manufactures recycled refuse bags and other nonchemical household products and is Bounty’s second venture in Poland after the acquisition of specialist food business Sonko in late 2015.

Bounty Brands, the fast-moving consumer goods business with plans to list on an international bourse and the JSE, has made another acquisition in Poland.

This week Bounty – which is controlled by Cape Town-based investment firm Coast2Coast — announced the acquisition of Poland-based Stella Pack for an undisclosed amount.

Like JSE-listed healthcare brands conglomerate Ascendis — which is also controlled by Coast2Coast — Bounty has followed an aggressive growth-by-acquisition strategy over the past two years. Stella Pack manufactures recycled refuse bags and other nonchemical household products and is Bounty’s second venture in Poland after the acquisition of specialist food business Sonko in late 2015.

Stella Pack complements Bounty’s existing investment in Tuffy, the local manufacturer of recycled refuse bags.

In 2016, Stella Pack generated revenue of about R820m with international sales (outside Poland) representing around 40% of top line.

Earlier in 2017, Bounty Brands acquired Genesis, a R360m-a-year South African manufacturer and distributor of cleaning products and accessories into the cleaning services market. More recently the company snapped up Nuance Brands, which owns the exclusive right to import and retail the SuperDry brand in SA.

Bounty CEO Stefan Rabe said it continued to make progress with its strategic aim of creating a successful multinational consumer brands business.

"In particular, Stella Pack further diversifies our income stream geographically and provides us with leading brands in Home Care in a key central and eastern European market."

Read the full article here.