Bankrupt Drumet Purchased by Penta Investments

Penta Investments, one of the leading investment groups in Central Europe is continuing its aggressive approach in the region by acquiring Polish wire and rope producer Fabryka Lin i Drutu Drumet. The Polish Economic Court has accepted the Penta bid of PLN 120 million for Drumet, which was already involved in bankruptcy proceedings.

Penta plans to continue Drumet's current lines while expanding to include more processed products. This approach, combined with upgrades to the manufacturing facilities is seen as the beginning of restoring Drumet to a profitable company.

Fabryka Lin i Drutu Drumet Sp. z o.o.
Drumet traces its beginnings back to the Wire Product Factory C. Klauke which was founded in 1895 to produce barbed wire and wire net. Except for a brief interruption during WWII, Drumet has been in continual operation since its inception. Product lines have grown to include steel wire ropes, staple bands, non-rotating ropes, and cut wire shoot. The company's production facilities are located in Włocławek, in North Central Poland.

Penta Investments (www.pentainvestments.com)
Established in 1994, Penta is an equity and investment company operating in Europe and Russia. The Czech-Slovak firm is involved in acquisition of large medium-sized and companies, real estate development, leveraged buy-outs and buy-ins, and restructuring projects. Penta operates in many business sectors including energy, entertainment, health care, machine engineering, metallurgy, private banking, real estate, retail, telecommunications, and transportation.