Delphi sells its Krosno division to former president

"We took over a division producing gas springs, steering columns and ball joints," said Leszek Waliszewski, president of the new company. The value of the transaction remains confidential, but the new entity took over machines, about 100 workers and part of the engineering crew of the Delphi plant. "The division's customers include FIAT and FSO. We want to boost production and acquire new clients," said Waliszewski. He went on to say that the company was planning further acquisitions, but he could not provide any further details. "This transaction marks the conclusion of a process commenced many months ago and it has nothing to do with the restructuring process of the concern," assured Agnieszka Przymusińska, spokeswoman of Delphi in Poland. (Puls Biznesu, p. 10) M.M.