Private equity firm Mid Europa has sold healthcare company Walmark to Stada, another healthcare business.
Walmark is a consumer healthcare company which operates in Central and Eastern Europe.
Matthew Strassberg, Co-Managing Partner of Mid Europa, said: "The acquisition by STADA validates Walmark's transformation from a family-led business to an international platform. Working in partnership with new management team, we have achieved our original vision for the Company and created a valuable strategic asset by developing and implementing a thorough approach to operational excellence and focused product innovation.”
Miro Slezak, CEO of Walmark, added: "This transaction recognizes the value of Walmark's unique brands as well as strong organization attracting some of the best talent across our markets. We are very pleased to be joining Stada as we share a common purpose of supporting our customers to live healthier lives and we are excited for the new opportunities for our employees as part of a larger company."