Warsaw, 02.10.2015 (ISBnews) – Kety Group may conduct foreign acquisitions in extruded products and aluminum systems, today announced ISBnews agency board member Adam Piela.
As for the extrusions, acquisitions can be expected in activities related to the automotive industry.“In the automotive our position gradually built since 2006. This is not the core of our business, but it is also possible to acquire more market through acquisitions. Any more advanced processing of aluminum profiles is a potential target acquisitions. Here you will surely talking about companies not within the Polish “- ISBnews Piela said.
The second segment, which are possible acquisitions are aluminum systems – here the Group’s objective is to develop Kety distribution in new countries. Segment build their competencies through its subsidiaries, which is currently in Germany, the Czech Republic, Romania, Hungary, the UK and more recently in Denmark.
“It is through this segment of the small company begins to operate the market and potential acquisitions here is just such a company in other countries than we have. These entities may be either contractors or such companies as we do – for example, only smaller – that is, having its own system. Then geographically acquire the ability to sell our products, or if it is a system house, even we have new products that we can in our sales network also distribute. If they are different from those that we have, it will automatically enlarge the range over which sometimes you have to work for years to enlarge it “- said Piela.
He stressed that the procedure in this regard is the company’s constant. “We look, we send our representatives to talk with potential targetami or get information from the market that the entity is in phase with the acquisition. In contrast, when and what was going to happen, it is a difficult subject of pages and language, and for the same price . Financial Investors can actually break any bid which we are able to make as an industry investor “- summed up member of the board.
During the presentation of the strategy for the period 2015-2020 the company’s representatives stressed that the acquisitions are not included in the forecast capital expenditure and the results of the group, however, are possible in this term, including by maintaining a very high level of debt.
The group Kety SA is the parent company of the Group, which operates in five business areas: production of aluminum profiles, design and production of architectural systems and external aluminum shutters, flexible packaging, construction and assembly services in the field of aluminum facades and the production of accessories for installation of windows and doors.
Kamila Wajszczuk
(ISBnews)
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