Process Management

News 1106 views last update:6 Aug 2012

Mispol acquires Czech pet food company

Mispol, a producer of pate and tinned meat, is to take over a Czech pet food company, KSK Bono, along with its three subsidiaries: Popular, Bono Servis and Bono Polska. In total the transaction will be worth PLN 36m (€9.5m).

KSK Bono is considered to be a leading Czech pet food producer. Mispol, after establishing its facilities in Suwalki, has also become involved in producing pet food. Through the acquisition, the company will now be able to increase its production capacity.

Marek Piatkowski, the president of the board of Mispol, said that taking over KSK Bono will enable the company to expand on the Central and Eastern European market. Mispol intends to exploit Bono's extensive trade contacts with retail chains and traditional shops in the Czech Republic and Slovakia in order to launch its brands on these markets.

KSK Bono netted PLN 1.2m (€0.3m) in 2006, and its revenues came to PLN 64.8m (€17m). The company intends to double its net profit and earn revenues of about PLN 71.7m (€18.9m) at the end of this year. Mispol, by comparison, reported revenues of PLN 100.6m (€26.5m) and a net profit of PLN 8.2m (€2.2m) last year. In addition to the Czech producer, Mispol plans to take over another company, but the management has not yet identified it.

Related websites:
Mispol    
KSK Bono 

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