NiceLabel announces shareholder buyout
20. Jan. 2020
January 20, 2019 - NiceLabel, a leading global developer of label design software and label management systems, is pleased to announce the management team of the company has completed a partial management buyout of the shares from the company founder, Zvone Duplancic.
The NiceLabel Senior Management team has reached an agreement with Zvone Duplancic to acquire a 49% shareholding in Euro Plus d.o.o. (NiceLabel). The agreement forms part of a long-term succession plan agreed with Mr. Duplancic regarding his retirement. The buyout was supported by UniCredit, NiceLabel’s longstanding financial partner.
This change will have no impact on the daily operations of the company. NiceLabel’s senior management team, led by CEO, Chris Walsh, have worked closely together over the past few years to deliver the consistent growth the company has experienced, including the creation of 100 new jobs since 2013. Management team members are strategically placed in key markets across the globe to ensure that the company is positioned to capitalize on market opportunities wherever these might be.