CROATIA
2018
SELL-SIDE
ATLANTIC GRUPA AND MAGDIS CLOSED A SUCCESSFUL ACQUISITION OF NEVA
Magdis, a manufacturer of pharmaceutical and medical raw materials and products, and cosmetic line Biobaza acquired Neva d.o.o. from Atlantic Group. The Neva is the leading Croatian manufacturer of cosmetic and hygiene products, producing Plidenta dental paste, Rosal Lip Balm, Rosal, and Melem cosmetics, and it was the first in Croatia to introduce an Integrated Quality and Environmental Management system. With this expansion, Magdis Group became the largest cosmetic manufacturer in the Croatian market and remains a strong competitor in the demanding market of natural cosmetics.