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Announced

HIG Capital to acquire CGH.

Synopsis

HIG Capital, a private equity and alternative assets investment firm, agreed to acquire CGH, a Poland-based manufacturer of large, engineered storage tanks and tank accessories. Financial terms were not disclosed. “With H.I.G., we have found a perfect partner to support our growth plans which include further geographical expansion and product extension, accompanied by building out our production capacities. Going forward, we will continue to serve our trusted customers in the best way possible and provide them with tailored tanks and storage systems needed for the European energy transition towards a decarbonized and more decentralized energy supply. The partnership with H.I.G. will benefit our customers and employees and we very much look forward to working together with H.I.G. to keep building our success story,” Krzysztof Jańczak, CGH CEO.

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