Decora, one of Poland’s biggest producers and distributors of articles used to finish interiors, has so far focused on Central and Eastern European markets. Now, it sees in chances in the West as well.
“We have signed a letter of intent with a big German company, a distributor of floor finishing products. The acquisition will be vital for us. It should be conducted at the end of the third and the beginning of the fourth quarter”, Paulina Kolodko, Decora PR manager said.
The company does not reveal the value of the
transaction. It is financing it with a credit. “This is going to be our biggest
acquisition ever. We hope it will support the development of our network”,
Paulina Kolodko added.
Decora is also running talks with several
companies in Bulgaria. It considers acquiring or founding new companies.
Decora group consists of two production and several distribution
companies, including foreign ones: in Russia, Croatia, Romania and Hungary.
Decore exports to nearly 40 percent 60 percent of its sales. At the end of the
second quarter, it had PLN 5.1m (EUR 1.3m) of net income against PLN 56m of
sales.