Nowy Styl to acquire Swiss Sitag
12:33
Polish furniture manufacturer Nowy Styl is set to purchase Switzerland's office furniture producer Sitag soon, Rzeczpospolita daily reported.
Sitag has been operating for 50 years. It owns a production plant in Swarzędz (Wielkopolskie voivodship). Nowy Styl will reveal the details of the transaction later this week.
Nowy Styl is selling its products in 100 countries. It recorded over PLN 1 billion in sale revenues last year.
