French Bricostore To Close In Hungary
- 20 Nov 2012 8:00 AM
MPF Holding owned by Zsolt Felcsuti, Hungary’s 19th richest man, is apparently considering the acquisition of Bricostore, according to Hungarian business daily Napi Gazdaság. Felcsuti told the paper that they are interested in every company with market potential. Although no specific comment was made on the potential buy-out of the local network owned by the Bresson family of France, however Bricostore would fit in with MPF Holding’s activities and profile.
Hope is alive for Bricostore workers as MPF’s revenues totalled nearly HUF 36 billion in 2011, and related pre-tax profit was over HUF 5 billion. According to its company reports the Hungarian firm is an important supplier of U.S. and European DIY and industrial outfits, and has its own supporting manufacturing and logistics operations.
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