Amica bids for Spanish Fagor

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Polish household goods producer Amica has submitted an offer to buy the assets of bankrupt Spanish market peer Fagor Electrodomésticos Soc. Cooperativa, according to the company’s press release quoted by ISBnews.

Amica sees the move as a way of carrying out its foreign acquisition strategy.

The insolvency of Fagor Electrodomésticos Soc. Cooperativa was announced in Spain and followed by the bankruptcy of its Polish unit Fagor Mastercook, which produces stoves, washing machines, refrigerators and dishwashers.

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