Boryszew considers eventual take over of Ciech and Kęty

"Takeovers are an integral part of our strategy. Boryszew was created as a result of such a strategy and that is why we want to continue it," declared Krzysztof Sędzikowski, Boryszew's president. He added, however, that the group has to change its acquisition criteria, and to concentrate on large and medium entities. According to Sędzikowski, Boryszew is interested in buying publicly listed Ciech, which has a similar activity profile to Boryszew and high revenues. Parkiet daily reports that the company is also considering the takeover of Kęty, aluminum systems and flexible packaging provider. Sędzikowski stated that the first decisions concerning takeovers will be taken in six months at the earliest, unless some other good deals show up in the meantime. "At the moment we have to concentrate on completing the integration of Boryszew with Impexmetal," summed up the president. (Parkiet, p. 1) A.F.