Wilbo, the well-known fish processing company, has recently acquired 100% stakes in Proryb, a producer of marinates. Of these, 90.21% stake of the nominal value of PLN 12.8m (€3.2m) the company acquired from Clarisa Investments. The remaining 9.79% of the shares of the nominal value of PLN 1.39m (€) was bought from Bozena Dyzmanska, the vice executive of Proryb. The takeover was funded by Wilbo’s shares and its own money.
Wilbo, which has been negotiating on the acquisition of Proryb since 2007 will carry out a restructuring process within the acquired company. Wilbo’s management expects to see a synergy effect in areas such as logistics, sales and credit control.
Proryb was established in 1972 and is one of the oldest private companies in the fish processing business in Poland. In 2009 the company earned sales revenues of PLN 45m (€11.5m), and 20% of its produce is exported.
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