October 07, 2008

Centrostal acquires Florian Podkarpacie SA in Poland

Centrostal SA recently announced that it bought shares of Florian Podkarpacie SA based at Nowy Sacz, Poland representing 77.44% of the company's share capital. The shares were bought from Zlomrex SA based in Poraj.

The price of the transaction was PLN 5,083,791.40 corresponding to PLN 1,500.53 per share. Before the transaction the Company did not own any shares of Florian Podkarpacie SA.

Nowy Sącz based firm Florian Podkarpacie SA is a manufacturing and trading company. It has been operating in the roofing materials market since 1996.It was a member of ZŁOMREX GROUP since August 2007. It specializes in the conversion of hot dip zinc coated steel sheets and hot dip zinc coated steel sheets with organic coating to various shapes and products.