Gorenje sells waste processing subsidiary to Rastoder
Gorenje Surovina, which is based in Maribor, has been on sale since the beginning of the year, with the procedure conducted by VTB Capital, which has selected Rastoder, who is best known for his banana trading company Derby, as the best bidder.
Rastoder, who has been expanding his portfolio lately, said upon the signing of the deal on Thursday that Eko Surovina had decided to buy Gorenje Surovina due to major synergies with the acquirer's main activity, in particular in the processing of packaging waste.
"We intend to continue to develop Surovina and expand the activity in all fields covered by the company," the businessman said.
Gorenje is happy that Gorenje Surovina, which was the largest company in Gorenje's non-core portfolio, remains in Slovenian ownership and that it will continue to be active in environmental protection.
The household appliances maker already signed in July 2015 a contract to sell almost a 70% stake in Gorenje Surovina with the Polish company Tesla Recycling, which subsequently withdrew from the deal.
Gorenje Surovina provides waste processing services in Slovenia, providing clients from industry, local communities and households with comprehensive solutions for all types of waste, the company said.
Together with chemical waste processing subsidiaries Kemis BH (Bosnia-Herzegovina) and Kemis Valjevo (Serbia), the company employs more than 300 people.