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Advance Capital is pleased to announce the sale of 100% in Sloplast, a leading Russian manufacturer of HPL plastics. The buyer is the investment holding R-Investments.

Sloplast is a market leader in HPL plastics (High Pressure Laminates) and finished interior solutions based on HPL in Russia. The company’s products are used for interior and exterior building finishes, interiors of public transport (road, rail and water transport), as well as furniture and other interior and exterior applications. Over its history, the plant has delivered nearly 1,000 projects and produced more than 3 million square meters of HPL plastics in 2023.

R-Investments is an investment holding company established in 2022 by Andrey Kryukov to acquire and develop assets across various sectors of the economy. Andrey Kryukov previously headed Rossium Concern and served on the boards of its portfolio companies, including Moscow Credit Bank (MCB) and Ingrad.

Andrey Kryukov, Chief Executive Officer at R-Investments:

“Sloplast has significant growth potential given the wide range of applications for HPL plastics. One of the key competitive advantages of this asset is its domestically integrated production chain, as well as the fact that HPL plastics can substitute a wide range of materials across multiple industries.”

Artur Shubaev, Partner and Executive Director at Advance Capital:

“This deal demonstrates the growing interest in the construction materials market among buyers. As part of the competitive sale process organized by Advance Capital, the asset attracted strong interest from a number of strategic and financial investors in addition to the successful bidder.”

Advance Capital acted as the exclusive financial advisor to Sloplast, Alrud served as the legal advisor.

The deal value is not disclosed.