Duda meat producer plans another acquisition

APA - Austria Presse Agentur
opublikowano: 03-10-2005, 14:36

Warsaw (Puls Biznesu) – PKM Duda, Poland’s listed meat producer, which acquired Fedrus in September, plans another transaction.

Warsaw (Puls Biznesu) – PKM Duda, Poland’s listed meat producer, which acquired Fedrus in September, plans another transaction.

We are working to acquire another distribution company dealing in meat branch. Negotiations are advanced and the whole transaction should be finalised this year. We will pay several million zlotys in cash for the company, Maciej Duda, PKM Duda general director said. According to “Puls Biznesu” sources, the target company specialises in gross sales of meat and meat products and has similar sales as Fedrus. This means, that annual sales of Duda could jump by several dozen million zlotys while net income could increase by several million zlotys.This is good news to Duda investors.It seems to be good move. In the future, it may turn out that thanks to further acquisitions the company will improve results, which in turn will increase its evaluation, Miroslaw Saj, BISE analyst commented.Till the end of next year, Duda plans to build 10-14 distribution centres. This year, Duda plans PLN 46.4m (EUR 11.8m) of net income against PLN 945m of sales.(PLN 1 = EUR 0.255)

Poland/Enterprises/Food

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