Bochemie Group has successfully acquired a 100% stake in Lybar, a.s., bolstering its portfolio with the prominent BIOLIT insecticides brand in Central and South-Eastern European markets.
Information on the Target
Bochemie Group has strategically acquired a 100% stake in Lybar, a.s., the owner of the BIOLIT brand of insecticides, known for its strong market presence in the Czech Republic and Slovakia. This acquisition enhances Bochemie's existing portfolio, positioning it to leverage BIOLIT's market leadership within the insecticides category, where it holds over 40% market share in the aforementioned countries.
Founded in 2010 following a corporate restructuring, Lybar specializes in sales and marketing for various household products and currently employs 35 individuals. Aside from its flagship BIOLIT brand, the company offers a diverse product range, including insecticides, repellents, and air fresheners, thereby solidifying its reputation in the region.
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Industry Overview in the Target’s Specific Country
The household insecticides sector in the Czech Republic and Slovakia has seen consistent growth driven by increasing awareness regarding pest control and the health implicat
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