Ergis sees acquisitions as leading to consolidation of the wallpaper market

At the start of April, during the general shareholders meeting of Tapety Gnaszyn (TG), which Ergis owns, a decision will be made to takeover Delpak and Eurofilms, two of its competitors. After these transactions, Ergis' 100% stake in TG will be reduced to just over 80%. Ergis decided to push for consolidation in order to improve its structure, cut expenses and become more attractive in terms of doing business with banks. "The consolidation will make our co-operation with the financial institutions easier," said Tadeusz Nowicki, Ergis' president. The merger will result in TG having a total capital of zł.4.8 million. (Puls Biznesu, pp. 1, 7) D.W.