ACQUISITION
Bounty hunts down another deal in Poland
Bounty Brands, the acquisitive fast-moving consumer goods conglomerate with medium-term listing ambitions, has clinched another deal in Poland. On Tuesday, it announced the acquisition of the Unitop Group, a Polish manufacturer and distributor of sesame-based snacks and confectionery goods. This is the fourth transaction Bounty has clinched in Poland in the past two years. It follows hard on the heels of an announcement in October of a pre-sale agreement with Profi, a producer of pâtés and ready-to-eat soups. Previous acquisitions in Poland include Sonko, a rice-based products and healthy snacks business in 2015, and Stella Pack, a manufacturer and distributor of recycled refuse bags and other nonchemical household products in September 2017. Unitop’s market position in Poland was complemented by an international presence, including the EU, Australia, North America and the Middle East, said Bounty CEO Stefan Rabe. Bounty would support further development of Unitop’s product categori...
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