Beer, wines and spirits importer and distributor, Central European Distribution Corporation (CEDC), has declared that it has signed a Letter of Intent to acquire Onufry Company, a distributor of beers, wines and spirits in the north of Poland with net sales of about $30 million in 2001.

This will be CEDC’s sixth acquisition since its initial public offering in July 1998. The company is expecting to complete the acquisition in the fourth quarter of 2002 and increase its earnings.

"This is a high quality acquisition that will definitely impact the market and further strengthen the future prospects for CEDC. Onufry is a respected distributor with 12 years experience in the Polish alcohol market place and should greatly benefit from the economies of scale of the CEDC group. Onufry gives CEDC solid distribution muscle in one of the fastest growing regions in Poland," said Stefan Laux, President of Unicom Bols Group, one of the largest suppliers to the CEDC group and a leading producer of Spirits in Poland.

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