Zetkama plans acquisitions

Metal components maker Zetkama plans to finalize one of the acquisitions it is working on before the end of September, the company’s CEO Leszek Jurasz told the Polish Press Agency (PAP) in an interview. The company hopes to conclude the deal by the end of June, Jurasz said. It is still working on it and hopes for success after the summer vacation. According to information collected by PAP the takeover target is a metallurgy firm that has a sales revenue of several dozens of millions of złoty. Zetkama’s CEO also said that the company continues to monitor the market in pursuit of new acquisitions. “We are active on the M&A market and we will be open to proposals,” Jurasz said. He added that the company may finance takeover with its own funds and bank credit. A share or bond issue may be an option if the deal value is exceptionally large.