You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bosnian co Kavgico interested in buying former Napco Beds factory - municipality

Bosnian co Kavgico interested in buying former Napco Beds factory - municipality Source: Pixabay

SARAJEVO (Bosnia and Herzegovina), December 9 (SeeNews) - Bosnian furniture manufacturer Kavgico is interested in buying the former bed factory Napco owned by Dutch-based Napco Beds in the northern municipality of Petrovo, the municipal government said.

Kavgico is looking to buy the facility by the end of 2021 with a view to launching production of box-spring beds there in April 2022, the municipal government of Petrovo said in a statement earlier this week.

You can subscribe to our M&A newsletter here

The new factory would employ about 100 people.

Napco Beds closed its factory in Petrovo in 2018 after declaring bankruptcy, according to local media reports.

Share this story
SeeNews in Brief

View our Newsletters

 
Compare