Accession Mezzanine Capital III L.P., advised by Mezzanine Management, has provided PLN 40 million of expansion capital to Flucar, a leading Polish producer of lubricating oils for the automotive and industrial sectors.
The company currently employs around 100 people and is an independent supplier of oil lubricants to the industrial and automotive sectors throughout Central & Eastern Europe. Flucar is based in Katowice and operates a production facility in Jaslo. To meet growing demand and expand its product offering, a new production plant in Kedzierzyn Kozle is being developed.
The funds will be used to support Flucar’s CAPEX program as well as to back select acquisitions in the petrochemical & chemical sectors.