Maspex considering entering stock exchange

2010-07-06

Maspex, one of the largest Polish food groups, is looking for the opportunity to acquire a company which earns annual revenues of around PLN 1bn (€250m). The group is searching for producers of foodstuffs which have distant expiry dates, operating either in Poland or in other Central and Eastern European countries.
In order to raise money for the takeovers, Maspex is considering entering the stock exchange. There has also been market speculation that the company might be interested in cooperating or establishing a joint venture with the American giant PepsiCo.
In addition to Poland, Maspex also has a leading position on the pasta market in Romania and is a leader on the Czech and Slovak non-alcoholic beverage markets. Over the last 20 years, the company has acquired 14 producers, including eight foreign companies. In 2009, the group earned sales revenues of PLN 2.4bn (€579m). Despite the fact that during the first five months of 2010 its sales fell short of those of the analogous period of last year, Maspex expects its annual revenues to exceed those of 2009.

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