Delko, a distributor of cosmetics and household chemistry goods, finalised the acquisition of AMA, a company from the same segment. The value of the transaction was PLN 6.4m (€1.6m) and it was financed by the money obtained in a public offering in 2009.
Thanks to the takeover, Delko will significantly increase its results. The financial forecast for 2010 envisages making PLN 479.1m (€120m) of sales revenues and PLN 10.5m (€2.6m) gross profit, though the prognosis does not include potential acquisitions. The company has not yet revealed if it plans to raise its financial forecast.
AMA is a leading cosmetics and household chemistry distributor in the Mazowieckie voivodship where it services 1,000 clients. Its annual sales revenues total to around PLN 50m (€12.5m).
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