ZPC Mieszko is getting ready to go on an acquisition hunt

Racibórz-based confectionery producer ZPC Mieszko is concluding its restructuring process, which should allow it to cover losses and take over competitors. In Q1 2004 the firm increased its domestic sales by 8%, and foreign ones by 23% with the trend likely to be sustained in Q2. "The restructuring of our product portfolio is almost completed. The number of products sold will drop from 340 to 200," said Marek Moczulski, president of Mieszko. The effects of the restructuring should allow the company to achieve an average annual profitability of 5%, as well as to close the year with operating and sales profits. "After we conclude the process, we will go shopping. We are interested in medium and large companies with complementary products and a good brand name. After this, our turnover should increase to zł.300-400 million," said Moczulski. (Puls Biznesu, p. 9) M.M.