Grupa Kęty believes Selt takeover pathway to export markets
15:59
Grupa Kęty's acquisition of Selt is a pivotal move to enhance their export market presence. CEO Dariusz Mańko emphasized its significance in advancing towards European and export markets. Vice President Roman Przybylski highlighted the growth potential in the sun protection segment due to climate change and thermal modernization trends. The transaction, expected to close by October pending antitrust approvals, including one from Austria, was agreed upon for PLN 420 million minus net debt.
Selt, a leader in Poland's sun protection systems market with revenues of approximately PLN 280 million, will help Grupa Kęty extend their value chain, diversify their product portfolio, and achieve synergies in purchasing, sales, and customer service.
