Unimil becomes largest condom producer in Europe

Unimil has made a payment of EUR 16 million to German banks, taking control over 74.4% of its own shares, previously held by Condomi, as well as a 10% stake in the German company. According to Unimil president Grzegorz Winogradski, such a stake is sufficient to assume operational control over Condomi, as the remaining shares are highly dispersed. The German company's production capacity totals 700 million condoms a year, but actual output is much smaller, while Unimil can produce 200 million condoms a year. Unimil's revenues amounted to around zł.40 million in recent years, but are now going to rapidly increase thanks to the acquisition. (Puls Biznesu, p. 8) T.J.