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ARL Arlen SA News Story

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Brief: Arlen Unit Acquires Textile Producer Alvi Polska

May 22 (Reuters) - Arlen SA ARL1.WA:

SAID ON THURSDAY THAT ITS UNIT ARLEN SILESIA HAD SIGNED A DEAL WITH ALVI TO ACQUIRE 100% OF SHARES IN ALVI POLSKA FOR 35,000 ZLOTYS

ACQUISITION ADDS KNITWEAR PRODUCTION CAPACITY AND A FACILITY IN JELENIA GORA TO THE GROUP

PLANS UP TO 3 MLN ZLOTYS IN FINANCING FOR ALVI AND TOTAL OF 1.2 MLN ZLOTYS FOR NEW MACHINERY AND ERP SYSTEMS

EXPECTS NEW UNIT TO EXPAND PRODUCT RANGE TO INCLUDE T-SHIRTS, UNDERWEAR AND SLEEPING BAGS, AND BOOST GROUP'S TENDER COMPETITIVENESS

 Source text for Workspace: nEM8Z4Sz5a
 Further company coverage: ARL1.WA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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