Abris-backed GreenGroup to acquire UAB Zalvaris

• Abris acquired a majority stake in GreenGroup in 2016
• Zalvaris is GreenGroup’s seventh bolt-on since Abris’ initial investment
• Abris is a ESG transformation private equity fund manager

GreenGroup, backed by Abris Capital Partners, has acquired UAB Zalvaris, an industrial waste management company.

Zalvaris is based in Kaunas, Lithuania.

Zalvaris’ acquisition is part of GreenGroup’s new investment plan, totalling up to €200 million, focused on consolidating its market position in Central Europe via capex investments and bolt-on acquisitions, according to a release.

Abris acquired a majority stake in GreenGroup in 2016.

“Zalvaris is the latest significant acquisition completed by GreenGroup as part of its ambitious strategy to become the leading player in the industrial waste management sector in Central Europe,” said Adrian Stănculescu, partner and head of Abris Romania.

This deal follows GreenGroup’s acquisitions of SIGAD, and UAB Ecso, the release added.

Zalvaris is GreenGroup’s seventh bolt-on since Abris’ initial investment in the company, and the third add-on in the past nine months.

This acquisition will bring significant synergies with other GreenGroup divisions, including those who manage polyolefins, the release said.

Abris is a ESG transformation private equity fund manager focused on mid-market opportunities in the major countries of Central Europe. The firm is based in Warsaw, Poland.

GreenGroup is a regional integrated recycling group and circular economy enabler. The firm is based in Buzau, Romania.