Maspex to inject zł. 50 million into its Lubella acquisition

Maspex, a leading producer operating on the food market, announced plans to strengthen the position of its latest acquisition, the Lubella noodle production plant in Lublin. Maspex, which paid zł. 81 million for a 78% stake in the enterprise, sent an offer to the State Treasury for the purchase of the remaining shares. "Our offer was accepted. The takeover of the whole Lubella will cost us over zł. 100 million," said Krzysztof Pawiński, the president of Maspex. The investor plans to strengthen the core product of the plant, which are noodles. It has already refreshed the logo and changed the packaging. "We will invest zł. 50 million into the plant over the next three years. We want the company to be recognized as a sector leader," said Pawiński. Over the first eight months of 2003, Maspex has increased its revenues by zł. 200 million to zł. 1.3 billion. (Rzeczpospolita, p. B5; Parkiet, p. 6; Puls Biznesu, p. 9) A.K.