Poland-based footcare company, Kaps Sp. acquires the German wholesaler Tacco Footcare International. The acquisition is part of the company’s strategy to build a portfolio of strong brands. Financial terms and details of the transaction were not disclosed. Two of SORTIS’s partners in the Globalscope M&A Advisors network, Carlsquare, and Aventis Capital, acted as financial advisors on a joint team in the deal.
Kaps Sp. is a family company manufacturing high-quality products for foot and shoe care for outdoor, sports, health and safety and fitness markets. Company’s portfolio of products includes shoe cosmetics and cleaning products for all types of material, comfortable shoe insoles, orthopedic insoles and orthotics, shoelaces, accessories and products for professionals in sector shoemakers services. Kaps operates four own factories in Poland and exports a great amount of its production to the European market.
Tacco Footcare International, part of Deutsche Mittelstandsholding, is a German-based wholesaler and supplier of innovative shoe accessories and footcare products. The company has its own footcare manufacturing and logistic site based in Breitungen. Tacco offers both branded and private label product lines to wholesale customers that serve a number of retail channels. Tacco’s products can be found all over the world in shoe repair shops, pharmacies, shoe retailers and online. By becoming part of Kaps Sp., Tacco will benefit from manufacturing capabilities in shoecare and thus further develop its product portfolio.