Kerdos Group closer to selling production plant

Kerdos Group, formerly Hygienika, has signed a second letter of intent on the possible sale of its production plant in Lubliniec, southwestern Poland, the company said in a press release on Monday. In both cases the potential buyers are expected to place their offers within the next weeks. The Kerdos Group management board will decide on the sale by December 15. “After two years of the sale process, we are in the home stretch,” said the company’s CEO Kamil Kliniewski. “The sale of the factory should result in reducing the consolidated debt of Kerdos Group by more than PLN 20 million and also in an inflow of cash.” The Lubliniec facility, which manufactures hygienic goods, is the company’s only production plant. Kerdos is now focusing on retail and wholesale trade of hygienic and cosmetic products.