Siófok, April 2015

The Siófok based Kaona Kft., which focuses on the production of plastic products, was founded two decades ago. Besides the traditional one-component thermoplastic molding, the Company has introduced two- and three-component and gas injected thermoplastic moulding as well. In addition to injection molding, the Company is also carrying out assembling and manufacturing of complete products.

The Company employs more than 200 employees in the production halls of its two manufacturing plants of 2 000 m2 each, which are located next to each other. They work with 25 pieces of 1k, 2k and 3k moulding-machines with a 20-500 tons clamping force. Each year more than 2 000 000 assembled products are manufactured.

The investor, the French JBT Group, has a 50+ year history regarding its presence in France, Spain, Mexico and Tunisia. The Group employs more than 600 people worldwide and realizes a EUR 50+ million revenue.

Day to day management of Kaona is still carried out by the owner-independent management, which is made up of production, quality control, logistics, finance and operational leaders.

JBT identified Kaona’s growth potential in the healthcare sector as a main driver of the transaction. JBT- building on its existing contacts – will also be able to serve the Hungarian plant of their worldwide largest customer within a significant geographical proximity through Kanoa.

Concorde MB Partners acted as transaction advisor to the buyer JBT Group.