Bochemie Group has acquired a 100% stake in Lybar, enhancing its portfolio with the leading insecticide brand BIOLIT, thereby strengthening its market position in Central and Southeast Europe.

Target Information

Bochemie Group, a prominent Central European manufacturer of household care products, has announced the strategic acquisition of a 100% stake in Lybar, a joint stock company. This acquisition complements Bochemie's existing portfolio, which includes the established brand SAVO, by adding BIOLIT, a leading insecticide brand in the Czech and Slovak markets. With a market share exceeding 40%, BIOLIT has established itself as a dominant player in the insecticide category, making this acquisition a significant addition to Bochemie's offerings.

Bochemie's strategy focuses on expanding its market presence in household care products across Central and Southeast Europe through organic growth and selective strategic acquisitions. The purchase of Lybar follows Bochemie's acquisition of the Hungarian company EVM in 2008 and marks yet another pivotal milestone in executing its growth strategy.

Industry Overview

The household care products industry in the Czech Republic and Slovakia is characterized by a competitive landscape where only a few traditional domestic brands thrive against multinational corporations. Bochemie's brands, SAVO and BI