Krosno Glass, a historic Polish glassworks, has entered a new chapter as Iwona Pik acquires a 60% stake, aiming for significant growth and a potential return to the Warsaw Stock Exchange by 2028.
Target Information
Krosno Glass is a renowned Polish glassworks with a storied history spanning over 100 years. The company has built a legacy of crafting high-quality glass products, establishing itself as a significant player in the industry. As it embarks on a new phase of development, Krosno Glass is set to undergo significant ownership changes that aim to revitalize its brand and market presence.
In a recent transaction, Noble Fund Mezzanine FIZAN, co-managed by CVI and a minority shareholder since 2019, has agreed to sell a 60% stake in Krosno Glass. The new majority ownership will be taken on by Iwona Pik, associated with the Polish Holding of Fish, reflecting a strategic shift aimed at driving the company toward ambitious growth plans.
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Industry Overview in Poland
The glass manufacturing industry in Poland has seen substantial evolution over the last few decades, characterized by a blend of traditional craftsmanship and modern technology. This sector plays a vital role in the country's economy,
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Iwona Pik
invested in
Krosno Glass
in 2023
in a Buyout deal
Disclosed details
Revenue: $144M
EBITDA: $24M