Amica closer to finalize acquisitions in France and UK

Kitchen appliance manufacturer Amica will soon complete  its purchase of a stake of a French distributor, Rzeczpospolita  reported. Allegedly, the firm is also negotiating similar deal with a British provider. In France, Amica will acquire a 40 percent stake in one appliance manufacturer for €1.5 million. The aim of the transaction is to increase the company's sales in France from last year's €3 million. Amica claims that the market's sales potential is €50 million. In the case of the second acquisition, Amica wants to takeover a 100 percent stake of the British provider. Amica did not comment on the matter.