Sale of Polyform, the largest food packaging company in Estonia
Illar Kaasik had a privilege to advise owners of Polyform on selling the company to strategic investors. The deal was completed in 2007. Polyform is the largest food packaging company in Estonia and employs approximately 230 people. It was among the first companies in Estonia to introduce fully automatic line for production of packaging. Polyform sells its products to all major food industry companies in Estonia.
Illar Kaasik: It is necessary to recognize the right time to sell one’s life work.
Polyform is a perfect example how well-timed change of ownership will, on the one hand, help the company to grow and, on the other hand, give previous owners freedom to pursue their own interests in other areas.