by Jaroslaw Adamowski
Warsaw — Polish construction company Pruszynski has announced plans to take over local firm Florian Centrum, manufacturer of PU and PS foam sandwich panels for the construction industry.
Pruszynski is currently awaiting regulatory approval from Poland’s competition watchdog UOKiK, to buy the firm.
'Following the acquisition, Florian Centrum will continue is activities as an entity … within the Pruszynski Group,' the firm said in a statement.
The value of the planned transaction was not disclosed by Pruszynski. However, under Polish law, the watchdog’s approval is needed for takeovers and mergers of Poland-based companies if the firms involved had aggregate revenues of at least EUR 1bn worldwide, or EUR 50m in the domestic market in the year before the deal.
Pruszynski is based in Warsaw, and it has been active in the country’s construction industry since 1985. The company’s product range includes roofing materials, wall construction and facing materials, aluminium panels, plasterboard and cardboard systems, as well as PU and PIR sandwich panels.
Currently, the group operates several production facilities in Poland, and also owns subsidiaries in Germany, Hungary, Romania, Lithuania, and the Czech Republic.
Florian Centrum was set up in 1996 and headquartered in Kutno, in central Poland, where the company also operates its main production facility. It has a second plant in Tymbark, southern Poland.