Equistone-backed GALA Kerzen has acquired Korona Candles S.A., expanding its global market presence and product offerings in the candle industry.

Information on the Target

GALA Kerzen, a leading candle manufacturer backed by Equistone Partners Europe, has recently acquired Korona Candles S.A., a prominent manufacturer of private label candle products based in Poland. Founded in 1992 and located in Wieluń, Poland, Korona has established itself as a key player in the global candle market, offering a diverse range of products, from tealights and pillar candles to scented varieties and uniquely packaged items. The company operates a highly automated production facility and a modern logistics center that facilitates its worldwide distribution, employing around 1,000 individuals and generating annual revenues exceeding €100 million.

The acquisition marks a significant addition to GALA Kerzen's portfolio, enhancing its product range and international footprint. Korona's strong presence in both Europe and the USA will provide GALA Kerzen the opportunity to further solidify its status as a leading global candle manufacturer. Managing partners will also acquire stakes in GALA Kerzen as part of the deal, ensuring alignment in growth ambitions.

Industry Overview in Poland

The candle manufacturing industry in Poland has experienced robust growth, driven by increasing consumer demand for decorative and functional lighting solutions. The sector has also seen a shift towards environmentally friendly an