Global Cosmed plans foreign takeover

Poland’s Global Cosmed, a Warsaw-listed chemicals and cosmetics producer plans to conquer foreign markets to improve its income, Puls Biznesu reported. New products will be introduced in the UK and distributed by the Aldi store chain. However, an even more important event will be held on the German market. Global Cosmed plans to take over a going-bankrupt German Domal Wittol Wash und Reinigungsmittel, a company specializing in the same category of products as Global Cosmed – cleaners and detergents. “We will file an offer by September 14, 2014 and we expect it to be accepted by the end September”, said Global Cosmed CEO Ewa Wójcikowska. The takeover would increase Global Cosmed’s production capacity and the Germany-located warehouse may be utilized as the company’s new logistics center.