Amica set to finalize two acquisitions

Kitchen appliances producer Amica wants to finalize two takeovers, one in France and the other in "Western Europe, on one of four markets: France, Great Britain, Italy or Spain," said Wojciech Kocikowski, deputy CEO of the company. In France, Amica will acquire a 40 percent stake in one appliance manufacturer for €1.5 million. The aim of the transaction, which is set to be finalized before the summer, is to increase the company 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. The transaction may proceed in Q3.