Baltisse completed the acquisition of Polflam from Syntaxis Capital for $120m.

Baltisse, an investment company in Ghent, Belgium, completed the acquisition of Polflam, a Polish fire-resistant glass manufacturer, from Syntaxis Capital for $120m. “The Polflam success story in the Fire-Resistant Glass segment is very appealing to us, as it is based on a strong technological and manufacturing platform, whereby Polflam is able to provide customers with an excellent product at a competitive price. Based on our industrial experience, having built companies that were leading European flooring manufacturers, we are convinced that we can support Polflam to strengthen its position in its existing markets, and to expand into new geographies within the EU. David Ulens, a Baltisse representative experienced in industrial and CEE operations, will reinforce the existing management team as CEO of Polflam, leading the further international development of the Company,” Filip Balcaen, Baltisse Principal.