NewsSAN SAC GROUP GROWS FURTHER BY ACQUIRING PROSHOP IN RUSSIA
San Sac Group grows further by the acquisition of Proshop, a leading Russian company active within distribution of vertical balers and other equipment for waste sorting and recycling. Proshop serves almost all domestic and international grocery retail chain stores in Russia and in some CIS countries.
Proshop has since 2003 been Orwak’s distributor of vertical balers and through the acquisition, San Sac Group gains direct access to the high growth Russian market as well as the other CIS countries. The founder and former majority owner of Proshop, Andrey Kisov, will continue as Managing Director.
Tomas Johansson, Sales & Marketing Director at Orwak, comments: “Through the acquisition of Proshop we get closer to the end customers and can benefit even further from the strong underlying growth in the Russian market. We see many opportunities through a direct presence in Russia, and we look forward to develop Proshop together with Andrey.”
Fredrik Jaginder, CEO of San Sac Group adds: “Following our acquisitions of Easi Recycling in the UK and ATS in Sweden, this acquisition is a natural continuation and in line with our strategic endeavor to become a leading European provider of baling and compaction equipment.”
Read the entire press release (pdf)