Prime Label acquires Pegwan

Prime Label Group, a label manufacturer in the Central and Eastern European (CEE) region and an entity controlled by Innova/6 SCA §SICAV, one of Innova Capital Group’s private equity funds, has signed an agreement to acquire a 100 percent stake in the Polish printing company Pegwan. On the back of this fifth acquisition, the company will reach a sales target of almost 100 million EUR in 2023, 12 months ahead of schedule. Prime Label is already working on further acquisitions in the region. 

‘This further acquisition binds our position as a regional leader in label production. Incorporating Pegwan into the Group will allow us to benefit from economies of scale, make wider use of the team’s know-how in developing and implementing innovative product solutions, and generate purchasing and sales synergies. The market consolidation we have been successfully pursuing for several years has created a broad and competitive product range that allows us to continue our growth by, among other things, winning over new customers in Poland and abroad. Our key markets apart from CEE now are DACH (Germany, Austria, Switzerland) and Scandinavia,’ said Arkadiusz Sapiecha, Prime Label CEO. 

‘The acquisition of Pegwan is another step bringing Prime Label Group closer to meeting the goals set out in its strategy, a fundamental pillar of which is the consolidation of high-quality label printing service providers in the CEE region. However, we have no intention of slowing down here. In fact, alongside the acquisition of Pegwan, the Group plans to make further acquisitions, this time in the field of labels printed with digital printing technology,’ added Michal Wojdyla, partner at Innova Capital, overseeing the transaction on behalf of the fund.