Pekabex acquires Ergon

Polish concrete prefabricate producer Pekabex has finalized a deal to purchase Ergon, a company from the sector, for PLN 49.81 million, after all the conditions had been met. "The price stood at PLN 49.81 million, that is PLN 45.1 million net plus the value of reserves of PLN 4.7 million," a statement said. The acquisition was financed from Pekabex's own means and a PLN 30 million loan. In 2014, Pekabex recorded nearly PLN 330 million in revenues.