AD Pallets Single-Member S.A., a core company of the Dirchalidis Group, has completed the acquisition of BIOPAR, a company of the Ravago Group, further strengthening its strategic position in activities related to the circular economy, the utilization of wood and biomass, and the sustainable management of raw materials.
The transaction represents a significant step in the Dirchalidis Group’s growth trajectory, expanding its footprint in sectors related to the recovery, processing, and utilization of materials, with an emphasis on creating added value through practices that support the transition to a more sustainable production model.
AD Pallets has been active since 1978 in the manufacture and sale of packaging products, such as pallets and wooden crates, while also providing services related to the sale, repair, manufacture, and rental of pallets. Its portfolio also includes biomass and solid fuel products. According to the company, it is the sole end-user of recycled wood in Greece, playing a pivotal role in the chain of utilization and reuse of wooden materials.
To date, BIOPAR has been part of the Ravago Group, one of the largest international organizations in the distribution, resale, compounding, and recycling of plastics, building materials, and elastomer raw materials.
Metis Group played a decisive role,throughout the entire transaction; the firm has long served as a strategic financial advisor to the Dirchalidis Group, providing comprehensive advisory services, including in the area of mergers and acquisitions (M&A).
Optima Bank provided financial support for the transaction, contributing to the successful completion of the acquisition and the realization of a significant investment project for the Dirchalidis Group. The transaction is yet another example of the long-standing relationship of trust between the Dirchalidis Group and the Optima Bank Group, which was established through the Group’s long-standing collaboration with Optima Factors and has evolved into a broader banking relationship that supports their growth objectives.
The acquisition of BIOPAR is part of the Dirchalidis Group’s broader strategic plan for continuous growth, strengthening its activities in the circular economy sector, and creating new opportunities for the utilization of materials and resources in terms of sustainability, innovation, and long-term value.
Commenting on the completion of the acquisition, Alexandros Vettos, General Manager of the Dirchalidis Group, emphasized the strategic importance of the transaction for further strengthening the Group’s presence in the circular economy, biomass utilization, and sustainable raw material management, stating:
“The completion of this acquisition is a significant milestone for our Group and is part of our strategy for further growth in sectors that promote the circular economy and the sustainable use of resources. The success of this transaction is the result of the exceptional cooperation of all parties involved and our shared commitment to achieving an ambitious goal.
I would like to express my sincere thanks to Optima Bank, and especially to the wholesale banking team, for their trust, excellent cooperation, and substantial contribution to the successful completion of the transaction.
At the same time, I would like to extend my sincere thanks to Mr. Vasilis Karanasos and the Metis Group team for the professionalism, strategic guidance, and dedication with which they supported our Group at every stage of the process.
I would also like to thank Ms. Katerina Finokalioti of the Finokalioti Law Firm for her excellent legal support and guidance throughout the transaction, as well as Mr. Petros Bograkos for his valuable accounting and tax support.
“This transaction creates strong prospects for the future and reinforces our determination to continue investing in activities that generate long-term value for the economy, the environment, and society.”