Resource Partners acquires Good Food S.A. from Avallon MBO FUND, positioning itself for further growth in Poland's expanding rice wafer market.

Target Company Information

Resource Partners, a group of investment funds, has acquired the shares of Good Food S.A. from Avallon MBO FUND with the participation of the management team. Established in 1991 and located in Skórzewo near Poznań, Good Food is the first producer of rice wafers in Poland. Its products are available in both modern retail chains and traditional markets under the Good Food brand as well as private labels of retail networks. Moreover, the company is a significant exporter of rice wafers to other European Union countries, boasting revenues exceeding 47 million PLN in 2010.

Industry Overview in Poland

The Polish food industry has shown remarkable growth over the past few decades, driven by increasing consumer demand and an evolving retail landscape. Rice wafers, in particular, have gained popularity due to their perceived health benefits as a light snack alternative. The industry benefits from a strong agricultural base, which enhances local production capabilities while fostering innovation in product offerings.

In recent years, the trend towards healthier eating has spurred the growth of snack food products, including rice wafers, as consumers seek low-calorie, nutritious options