Dr. Witt to merge production and distribution companies under new investor

In the coming weeks, juice producer Dr. Witt is to have a new (as yet unidentified) financial investor, Rzeczpospolita has learned from Dariusz Gardener, who holds a total of 50% in Dr. Witt's two companies - production and distribution. A merger of the two companies is currently being planned. Dr. Witt president Slawomir Horbaczewski has been dismissed and replaced by Grzegorz Grutkowski and Andrzej Piskorz. After 11 months of 2002 the juice producer has posted a loss (the amount of which remains undisclosed) c ompared with more than zl. 64 million in revenues from sales, and around a zl. 1 million net profit, in 2001. (Rzeczpospolita, p. B4) A.Z.