FMCG distributor Milo taken over by German Lekkerland for EUR 45 million

"In Western Europe there is some stagnation in our business," stated Michael Gerlif, a member of the Lekkerland board responsible for finance, "Therefore, we are investing in Eastern Europe where the market has huge growth potential." Milo, which has so far been known mainly as a cigarette distributor, has recently begun the sale of food products, including alcohol. It will now change its name and logo to Lekkerland Polska. The company will concentrate on convenience retail outlets and is to extend its range to new products such as fresh and frozen food. Milo president Robert Zalewski stated that the company, the revenues of which amounted to zl.2.7 billion in 2005, plans to increase its sales by 50% within four years. (Puls Biznesu, p. 7) E.B.