Selena FM acquires majority stake in Italian Uniflex

WSE-listed construction chemicals producer Selena FM has acquired 64 percent in Italian Uniflex for PLN 7 million, the company said in a market filing. “We want to strengthen our position in Western Europe, that's why we've acquired majority stake in Uniflex,” company said. The transaction will be financed without any loans. Uniflex is a manufacturer of organic sealants: acrylic, silicone, butyl. According to Selena this transaction will help strengthen Selena FM product portfolio and make it one of the biggest European producers of acrylic components.