Koelner finds the right fit with takeover of Rawplug

Talks are very advanced and the transaction might be carried out by the end of October. "Rawplug is the oldest European producer of construction fittings. It specializes in the production of heavy and chemical fittings. We are experts in light and medium fittings. By acquiring Rawplug we will achieve full synergy of activities," said Radosław Koelner, president of the stock-listed enterprise. He went on to say that Rawplug is also a widely known brand in markets where his company is not yet present. "Revenues of Rawplug will stand at about GBP 21 million, and operating profit at GBP 2.7 million," said Koelner. He went on to say that he will pay much less than BPB when it took over Rawplug for GBP 27 million in 2001. "Our offer was accepted by BPB," said Koelner. (Parkiet, p. 2) M.M.