Mokate acquires Czech Timex

APA - Austria Presse Agentur
03-04-2006, 10:34

Warsaw (Puls Biznesu) – Grupa Mokate, the Polish coffee and tea producer, has bought Timex, a Czech producer of instant beverages.

Warsaw (Puls Biznesu) – Grupa Mokate, the Polish coffee and tea producer, has bought Timex, a Czech producer of instant beverages.

Grupa Mokate owned by Teresa Mokrysz is developing.

“A new entity joined the group of Mokate’s foreign companies. It is Czech Timex”, Jerzy Chrystowski representing Mokate said.

Timex is the second Czech company bought by the Polish group. The first one was Dukat, a tea producer. Timex has CZK 300m of sales (or over PLN 40m, or EUR 10.2m). According to Mokate, Timex is the leader in the Czech Republic and Slovakia as far as the following products are concerned: cappuccino, coffee mixes, chocolate and coffee cream. 25 percent of the Czech company sales are generated by exports to Slovakia, Austria and Baltic countries. Mokate generated 33 percent of its sales through exports.

(PLN 1 = EUR 0.254)

 

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Podpis: APA - Austria Presse Agentur

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