Business
Arlen Unit Acquires Textile Producer Alvi Polska
Arlen Unit Acquires Textile Producer Alvi Polska
About this update from Arlen Sa
Arlen SA GPW:ARL:SAID ON THURSDAY THAT ITS UNIT ARLEN SILESIA HAD SIGNED A DEAL WITH ALVI TO ACQUIRE 100% OF SHARES IN ALVI POLSKA FOR 35,000 ZLOTYSACQUISITION ADDS KNITWEAR PRODUCTION CAPACITY AND A FACILITY IN JELENIA GORA TO THE GROUPPLANS UP TO 3 MLN ZLOTYS IN FINANCING FOR ALVI AND TOTAL OF 1.2 MLN ZLOTYS FOR NEW MACHINERY AND ERP SYSTEMSEXPECTS NEW UNIT TO EXPAND PRODUCT RANGE TO INCLUDE T-SHIRTS, UNDERWEAR AND SLEEPING BAGS, AND BOOST GROUP'S TENDER COMPETITIVENESSSource text for Workspace:Further company coverage: