Prague, 31.05.2024 - The investment group BHM has completed the sale of its majority stake in the BLOCK Group to the Czech investment fund Central Europe Industry Partners (CEIP).
The BLOCK Group, based in Valašské Meziříčí, is a renowned construction and engineering company specializing in comprehensive deliveries of so-called cleanrooms and technologies for the industry and pharmaceuticals. Since 2014, when BHM Group acquired a majority stake in the company, the group has undergone significant transformation and successfully reoriented itself from the Russian to the European market.
"We are proud to have contributed to the success of the BLOCK Group and are handing it over to the new owner in the best condition. Its revenues currently amount to 1.5 billion Czech crowns, and the company is fully contracted,"
The BLOCK Group is a successful group of companies that primarily carry out their current deliveries in Central Europe, but also supply their product portfolio in the field of insulator technologies to markets in Germany, Switzerland, or Australia. The group employs nearly 300 people in its companies. In recent years, macroeconomic trends have contributed to its growth, as strategic semiconductor production and pharmaceutical manufacturing return to Europe. Its production is carried out in two manufacturing plants in the Czech and Slovak Republics.
"When we entered the BLOCK Group ten years ago, we had the task of restructuring the company, expanding its product portfolio, supporting its development in the markets of Central Europe, and building a strong team to further develop the company. We succeeded in this; we strengthened the group with several synergistic acquisitions, established it as a dominant player in local markets, and our mission has successfully ended. At the moment, the direction of the BLOCK Group, focused mainly on large investment units, no longer fits into our portfolio of manufacturing companies in healthcare, and we are pleased to hand it over to the strong Czech investment group CEIP, which does not hide its intention to further develop the company and has big plans for the future,"
“BLOCK perfectly fits into our long-term strategy, which focuses on local manufacturing and service companies with high-added value and proprietary products. BLOCK benefits from the mentioned macro trends and has a quality and proven team capable of executing both organic and, with our assistance, acquisition growth in developed markets,”
About CEIP
Central Europe Industry Partners (CEIP) is a private equity fund managing the financial resources of renowned institutional investors. Its investments are primarily directed towards industrial manufacturing, service, and technology companies with the aim of active management and value appreciation. Currently, it is allocating resources from its second fund, CEIP II, which manages nearly 1.6 billion CZK.
www.industrypartners.eu