Radpol eyes takeovers

Heat-shrinkable product maker Radpol will start looking for a takeover after the summer vacation, the company’s CEO Krzysztof Pióro was quoted as saying by the Polish Press Agency. The deal value may reach PLN 100-130 million. “We are interested in entities from Poland and other EU countries, but it’s no secret that we are most focused on Poland and Germany,” Pióro said at a press conference. He added that Radpol would look for a production firm that would enhance the company’s offer in either the energy sector or in heating. “We can afford to buy a firm for PLN 100-130 million,” the CEO said. “We will make use of some form of debt for the purpose of the deal, possibly credit, possibly bonds.”