Mermeren is the global leader in the extraction and processing of snow-white marble, an attractive and growing global niche market.
88.4% of the shares of Mermeren were acquired in April 2009 by a private equity consortium ("Consortium") formed and led by NBGI through a leveraged transaction.
The Consortium intends to capitalize on Mermeren's strategic advantages (i.e. unique and scarce product) and to further grow the business organically through the expansion of its production capacity and productivity as well as its distribution capabilities.
Most of the company’s revenue is derived from exports. Sivec marble is the dominant product brand of the company. Mermeren operates marble quarries on a long-term concession basis and self-owned production facilities in Prilep, FYROM.
Yannis Voyatzis and Theodoros Malfas led the transaction for NBGI Private Equity.