Van Pur buys Browary Gornoslaskie brewery for PLN 12m

APA - Austria Presse Agentur
13-06-2005, 14:53

Warsaw (Puls Biznesu) – After six years under bankruptcy, Browary Gornoslaskie w Zabrzu brewery employing nearly 170 people found a buyer. Van Pur bought the company for PLN 12m (EUR 2.9m), 2.5-times less than the brewery was evaluated at several years ago. Van Pur has in its portfolio the following beer brands: Karpackie, Zlaty Hrad, Van Pur or Edelmeister.

Warsaw (Puls Biznesu) – After six years under bankruptcy, Browary Gornoslaskie w Zabrzu brewery employing nearly 170 people found a buyer. Van Pur bought the company for PLN 12m (EUR 2.9m), 2.5-times less than the brewery was evaluated at several years ago. Van Pur has in its portfolio the following beer brands: Karpackie, Zlaty Hrad, Van Pur or Edelmeister.

‘Now we face difficult transition period. The brewery running production must be transmitted to the buyer. Court, organisational and financial procedures should not last longer than two months’, Zbigniew Suliga, the bankruptcy offices of Browary Gornoslaskie said. Van Pur promised investments and modernisation of the plant. The brewery was operating under bankruptcy and managed to pay PLN 17m out of PLN 80m of debts.

Last year, because of implementation of EU rules, the company sold 160,000 hectolitres of beer and had a loss of PLN 900,000. In previous years, the company would sell its full capacity of 215,000 hectolitres and would have PLN 2m of income. This year, the situation should be similar.

(PLN 1 = EUR 0.248)Poland/Enterprises/Beverages

 

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Podpis: APA - Austria Presse Agentur

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