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Stable development. Böhm Plast-Technik has been investing heavily in new machines and technologies over the last two years.

Lumius sold the production of car parts, a third was acquired by a Russian investor

SOURCE: E15

Böhm Plast-Technik, a manufacturer of plastic car components, has new owners. In addition to the Russian investor, logistics from Sape Bohemia also bought a third of the company.

For just a year and two months, energy trader Pavel Miklas, who controls the Lumius group, endured expansion into the automotive industry. The North Moravian businessman recently sold a half stake in Böhm Plast-Technik.

The company with revenues of well over half a billion crowns and 380 employees was divided into thirds by its CEO Miloš Weiser, a Russian investor represented by Ivan Starodubov and the logistics company Sape Bohemia of entrepreneurs Martin Salač and Pavel Pecák.

“The acquisition was financed by a combination of the companies’ own resources and loan products provided by financial institutions,” said Böhm Plast-Technik spokeswoman Edita Kaminskaite without specifying the price. Lumius originally had an option even for the whole company.

The company was divided into thirds by director Miloš Weiser, a Russian investor represented by Ivan Starodubov and the logistics company Sape Bohemia.

Instead, in the middle of last year, he decided to back down and start negotiations with new investors. “Given that new investors provide not only cash but are actively involved in the management and development of the company, they do not currently see the acquisition as an investment project with a limited time horizon, but rather as a suitable expansion of their business activities,” added Kaminskaite.

A new member of the management of the company Ivan Starodubov is not a newcomer to Czech business. Among other things, he has been involved in Vemex, the domestic part of the Russian gas giant Gazprom. He also worked as an investment manager for the KKCG group of billionaire Karel Komárek, who has a stake in Vemex.

Businessmen from Sape Bohemia again rely on a long-term cooperation with Škoda Auto, for which they organize the flow of parts from suppliers. “The main development in 2016 and 2017 is expected in the field of logistics with plans for the construction of our own logistics center in Česká Třebová,” describes the plans for further development of the representative Böhm Plast-Technik.

For more information, please visit the original source of this article (in Czech language).