Polish Vinyl Company Lentex To Buy Hungarian Firm

Paris, France, Dec. 1, 2010 -- Polish vinyl flooring and nonwovens producer Lentex has signed a preliminary agreement to buy the Hungarian PVC and wood flooring company Graboplast, according to PRW.com.

The deal, if completed, represents a significant consolidation of the flooring sector in Eastern Europe. The transaction is expected by the end of February 2011.

The Polish buyer is also back in the running to acquire the state owned Polish PVC construction products manufacturer Gamrat Plastic Works of Jaslo, Poland.