Trion to buy VPO

Trion and VPO Protivanov, both window frame manufacturers, of Poland and Czech Republic respectively have decided to become one entity in a cash and share transaction by the former. VPO, with its sale of 20.7 Euros last year is obviously a good buy. Marek Grzona, the 22% shareholder and the CEO of Trion proposes to pay PLN 23.5 to Novy Fund, the Swiss company, the major shareholder in VPO in non-convertible bonds. The purpose of the deal seems to be the doubling of revenue that is envisaged by Trion. VPO will have managerial responsibility too. Trion also will enter Euronext Bourse shortly in order to gain more visibility in Europe and to add its profits. With this in mind, agencies will be established in Belgium, Italy, Switzerland and France.

VPO Protivanov (www.vpo.cz)
VPO Protivanov is a leading manufacturer of PVC doors and windows in the Czech Republic, founded in 1993. The company generates approximately EUR 20.7 million annually. It has the advantage of being a prominent player in a sector that is anti-cyclical and therefore stable.

Trion S.A. Capital Group (www.trion.pl)
Trion S.A. Capital Group is the Polish managing head of a group of product companies. The “daughter” companies operate in the construction sector in areas such as steel construction, PVC and aluminium joinery, as well as logistics services. Trion Group’s main focus is on making new acquisitions and developing their existing capabilities; portfolio companies include Intur, Synergis and Orion+.
Trion reported a total annual revenue of PLN 114.7 mln in 2008.