Polish private equity firm Tar Heel Capital (THC) has entered full ownership in Promar, a paper bag manufacturer in Western Poland, according to Euwid.
Promar was founded in 1993 and is focused on distribution as well as own production operations. Promar company offers a wide portfolio of paper bags and wrapping paper. It also supplies major domestic and international clients.
The company has recently invested in modern printing technologies. The company’s flexographic printing has « reached new heights with the commissioning of two modern new printers capable of printing up to 8 colours These investments have not only increased the quality of the prints, but also significantly increased our productivity ».
The new owner, THC, is targeting mid-sized Polish companies with strong growth potential, especially in manufacturing and pro-environmental sectors, according to Euwid.
In 2024, Promar reported revenues of PLN85m (€20m), of which around 75 per cent came from exports, especially to the UK, France, the Czech Republic, and Denmark. THC aims to accelerate the company’s growth through increased sales activities, production automation, and operational cost optimisation.
