Rawlplug closes business in Romania and Bulgaria

Polish-based metal tools producer Rawlplug has decided to close down its subsidiaries in Romania and Bulgaria, the company said in a recent news release. The company said it has decided to change its business model in these countries and would now launch cooperation with independent local distributors there. Costs resulting from the liquidation of Romanian and Bulgarian subsidiaries have been estimated at PLN 8.5 million, Rawplug also said.