We’re in this

together,

for

for the long haul

about thumos investments

Thumos Investments holds a portfolio of companies committed to achieving outstanding results and enhancing the environment. Leveraging its own capital, Thumos invests in solutions, technologies, and people, driving improvements in quality of life, technological advancements, and consumer behavior.

Our international investment and industrial holding group includes subsidiaries such as one of Europe's largest plywood producers, a high-quality furniture manufacturer, a leading CEE supplier of internal logistics systems, and a premium standard fit-out contractor. With over 80 years of experience, we continue to seek out dynamically growing companies to invest in and support.

Team

Daniel Mzyk
Founder, Director at Thumos Capital Ltd
Marek Bąk
Director
Thumos Investments S.A.
Jacek Wolak
Director
Thumos Investments S.A.
Piotr Zaczek
Director
Thumos Investments S.A.
Georgia Sophocleous
Director at Thumos Capital Ltd
Angelika Zarabska
Director at Thumos Capital Ltd

Thumos IN NUMBERS

We are value-driven and committed to improving the world through effective solutions.

Business Legacy

80
+
years in mastering
business growth

Portfolio

35
companies
in our portfolio

Growth

4
X
increase in revenue
in 10 years

Industries

6
sectors
we operate in

criteria

Investing in companies with strong growth potential and advanced R&D capabilities.

High Entry Barrier Markets

We focus on dynamic, high-growth niches with barriers that protect our market position, allowing our companies to scale effectively and maintain unique competitive advantages.

High Innovation Potential

Our investments center on introducing technologies and products that deliver exceptional value to customers, striving to set industry standards and exceed market expectations.

Sustainability & Social Impact

We invest in sectors that promote environmental sustainability and social well-being, ensuring our activities support global sustainability goals and contribute to positive social change.

Consolidation Opportunities

We use our consolidation expertise to merge businesses strategically, creating efficiencies and synergies that strengthen our overall market presence.

Our mission is to empower digital creators with resources, recognition, and community to maximize their creative and financial endeavors.

Sectors

Wood Processing and Furniture

We invest in innovative plywood and engineered wood products to meet the global need for sustainable solutions in construction, transportation and interior design sectors.

Automation and Logistics

Our focus is on enhancing enterprise efficiency with solutions that save energy and resources across multiple industries.

Renewable Energy

Our goal is to develop a 1 GW portfolio of photovoltaic farms, incorporating strategic developments and acquisitions like Paged Energy.

Architecture and Interior Design

Operating under a Design & Build model, we create more than modern and comfortable spaces. We address real user needs and design interiors that improve business efficiency and employee satisfaction.

Cosmetics and Pharma

We develop cosmetics, medicines, and innovative medical devices that are not only effective but also offer a strong reason to believe in their benefits.

Other Innovative Products

Our innovations enhance quality of life and positively impact the environment, exemplified by solutions such as WRB Technology developed by Paged Meble, which features weather-resistant wooden furniture.

Value Beyond Capital

We focus on building strong, long-lasting relationships to support growth.

Innovation Advantage

We heavily invest in research and development to make sure our portfolio companies stay ahead with the latest technologies and keep a competitive edge.

Leadership Excellence

We plan carefully for leadership changes and create advisory boards to keep the original vision going and hire top talent to improve operational capabilities.

Established Network

We use our extensive and trustworthy global network to strengthen our companies’ abilities, helping them grow their markets and scale up their operations.

Entrepreneurial Synergy

We encourage teamwork and set high goals, creating a supportive environment that brings everyone together for shared success.

Thumos Group timeline

A Century of Growth

1931: Creation of PAGED
Established as the Polish Export Agency for Wood to structure wood trade, introduce quality standards, and prevent competition among Polish exporters.
1948: Commencement of Plywood Production
Commencement of plywood production at the Morag plant after the Second World War to support reconstruction efforts and meet growing demand.
1994: Transformation into Paged S.A.
Transformation of Paged – Centrala Handlu Zagranicznego Sp. z o.o. into Paged S.A., marking a significant shift towards a modern corporate structure.
1996: Warsaw Stock Exchange Debut
Paged S.A. debuts on the Warsaw Stock Exchange and establishes Paged Sklejka – Morąg Mazury S.A. in partnership with the State Treasury, enhancing its market presence.
2000: Acquisition by Yawal S.A.
Yawal S.A. (Mzyk family) acquires a significant block of shares in Paged S.A., signaling a new phase of strategic growth.
2008: Plant Modernization
Acquisition of the majority stake in the State Treasury-owned Factory Sklejka - Pisz S.A., leading to plant modernization and optimization, which increased production and profitability.
2011: Significant Share Acquisition in DTP S.A.
Paged S.A. acquires a significant package of DTP S.A. shares, expanding its investment portfolio.
2014: Investment in IVOPOL and Europa Systems
Investment in IVOPOL and Europa Systems, diversifying its industrial and technological capabilities.
2016: Sale of DTP Shares
Sale of DTP shares as part of a tender offer, realigning the company's investment strategy.
2017: Investment in Forbis Group and Delisting from WSE
Investment in Forbis Group S.A. and the delisting of Paged S.A. from the Warsaw Stock Exchange to focus on private investment opportunities.
2018: Investment in Valmos and Kabos Cosmetics
Investment in Valmos, an Estonian producer of birch veneer, and Kabos Cosmetics, a producer of hybrid nail polishes and body care products.
2019: Rebranding to Thumos Group
Rebranding to Thumos Group, reflecting a new corporate identity and vision for future development.