We have advised Coretec FSO on the sale of its Polish subsidiary Macro Molds Polska to Tecma Global Solutions.
Founded in 2005 and based in Tychy, Poland, Macro Molds Polska (MMP), a subsidiary of the French group Coretec, specialised in the engineering, manufacture and repair of injection molds, as well as the engineering and manufacture of tools and equipment for automated and robotic production lines, mainly for the automotive sector. MMP reported a revenue of €9.4m in 2021 and employs approximately 150 people.
Majority shareholder of MMP, the French industrial group Coretec, specialised in the design of industrial tools and equipment, as well as their integration into automated and robotic production lines, wished to strengthen its equity by selling its Polish subsidiary MMP, acquired in April 2019 and a major contributor to the group's profitability. The competitive sale process, which began in January 2022, was conducted with French and international industrials and was completed in July 2022 in the context of the receivership and subsequent liquidation of the Coretec group, which was severely affected by the crisis in the European automotive sector.
MMP has been sold to the French industrial group Tecma Global Solutions, based in Le Mans, specialised in the engineering and manufacture of molds for the automotive sector.
