In 2022−2024, Salute Advisory supported the Ruscomposit Group in the project related to divestment of its fiberglass division Steklonit.
The Steklonit factory is located in the Republic of Bashkortostan, and it is the largest manufacturer of fiberglass-based materials like fabrics and meshed for composite production and construction sectors, as well as geosynthetic materials.
The Salute Advisory team carried out the analysis of the facility and sales market, developed the financial model, designed marketing materials as well as papers for obtaining the approval from FAS. The company was marketed among a wide circle of relevant strategic investors, and the best offer was from Rosatom which is consistently strengthening its composite division.
"The acquisition will create synergies with other divisions of the composite business [of Rosatom] and ensure reliable supply to customers in strategic industrial sectors." (Kommersant)
After receiving the necessary approvals, the deal was completed in August 2024.