Equistone’s portfolio company GALA Kerzen expands for the third time in the past few months and acquires Korona Candles S.A. (“Korona”). The Polish company is considered to be one of the world’s leading manufacturers of “private label” candle products, mainly scented candles. With the acquisition of Korona, GALA Kerzen completes its assortment and expands its international presence. The GALA Kerzen group of companies has developed into a leading, globally operating candle manufacturer with the Indian Ramesh Flowers, the Berlin jewelCandle and now with Korona.
“Korona stands for quality and sustainable business development; the company is highly innovative and extremely flexible. At the same time, Korona is characterized by strong customer loyalty and stable business relationships. This combination is one of the reasons for the success of Korona”, explains Dirk Langhammer, Managing Director of GALA Kerzen. “We want to use this and, together with Korona, advance the important expansion in Europe and the US market.”
| Industry: | Consumer Goods, Retail & Leisure |
| Assignment: | Buy side |
