Leading food wholesalers Bos and ABCentrum merger to create new giant

Bialystok-based Bos, one of the largest domestic food wholesaler, has decided to take over its large competitor Warsaw-based ABCentrum. "They started joint cooperation at the beginning of February," claim sector representative. Interested parties would neither comment on their activities nor discuss their 2002 financial results. According to analysts, Bos closed 2002 with revenues of zl. 500 million, while ABCentrum had annual revenues of roughly zl. 150 million. "The merged company hopes to secure monthly revenues of zl. 50 million in 2003," said a Puls Biznesu informer. He added that the number of companies buying goods from the two would increase from 5,500 to 7,000. "The consolidation processes can be observed in almost every sector. It is no wonder that Bos took over ABCentrum," said Robert Zalewski, the president of Milo. (Puls Biznesu, pp. 1, 7) M.M.