ACQUISITION: Koelner To Acquire Srubex

Jason Sandefur

Polish fastener maker Koelner Group is working to acquire capital control of fastener manufacturer Srubex SA.
Koelner said it would continue to buy out shareholders through the end of 2006. Consolidating the two firms should be finalized by the end of 2007.
Koelner produces construction and industrial fasteners. Its brands include “Rawl,” Rawlplug,” “Modeco,” “Modeco Expert” and “Globus.”
Koelner forecasts its 2006 profit to reach PLN 40 million (US$12.9m) on estimated sales of PLN 380 million (US$122.6m). \ �2006 FastenerNews.com