BlueSun (Phi) acquires German company fit and strengthens its position in Europe
BlueSun, a company owned by Phi Industrial and specialising in the production of detergents, has acquired 100% of the German firm fit, a leader in cleaning and personal care products. With this transaction, BlueSun will have three production plants in Europe (Germany and Spain), a presence in 40 international markets, a workforce of nearly 1,000 employees and combined estimated turnover of €500 million. The acquisition has been financed through a combination of equity, provided by the Phi Industrial fund, and debt, with the participation of several financial institutions. The transaction was advised by leading firms in the sector.
