Polish Development Fund Invests In Supersnow
The Polish Development Fund (PFR) has signed an investment agreement with SUPERSNOW SA. PFR will take new interests in the increased share capital, becoming a 45% shareholder. The new capital will be used for further development of innovative products and continued dynamic expansion on foreign markets.
SUPERSNOW is one of the three leading manufacturers of snow guns and complete snowmaking systems in Europe. The company sells its products in over 20 countries. In order to strengthen business development in export markets, in recent years the company has established two subsidiaries - SUPERSNOW GMBH (Roppen, Austria) with a modern service and distribution center and SUPERSNOW SRL (Romania). The group currently employs over 140 people in snowmaking.
"Considering the unique competitive advantages of our products, which have been recognized by numerous ski resorts in Europe in recent years, I am convinced that with the entry of such a renowned and well-funded partner as PFR, a new stage in the development of SUPERSNOW will begin the global markets begins. A good product combined with a strong capital base, supported by our many years of industry experience, makes us very optimistic about the future". Damian Piotr Dziubasik, Shareholder and Chairman of the Supervisory Board SUPERSNOW SA.
SUPERSNOW is a company with more than 20 years of tradition. Our products and services are characterized by a high level of energy efficiency and quality customer service, which enables consistent implementation of the growth strategy. This affects both the strengthening of our position in the CEE countries (including Poland, the Czech Republic and Slovakia) and the extremely positive sales trend in important foreign markets (including the Alpine countries).
“The company is growing in strength. With a strong new shareholder, the uninterrupted support of the Dziubasik family, a top world class product and markets with significant growth potential. And above all the talented, ambitious and persistent SUPERSNOW team. With the arrival of a new investor, we are opening a new chapter: we want to develop even more efficient snow guns, build even more advanced snow-making systems and further expand and strengthen the company's position in existing and new markets". Bartłomiej Sięka, CEO SUPERSNOW SA.
The task of the Development Fund is the implementation of programs that contribute to increasing the long-term competitiveness of Polish companies and environmental protection. The Development Fund carries out its tasks within a group
of financial institutions that offer tools for the development of companies, local authorities and private individuals investing in sustainable, social and economic development. The work of the Polish Development Found group is based on a strong foundation, a professional team and the best international standards.
More information: www.pfr.pl
