YORK PL became a owner of the Paul Koch brand.

Dear Sirs,

We are glad to officially announce that on July 1, 2022, YORK PL became a 100% shareholder in PK Direkt GmbH – our long-standing partner and owner of the Paul Koch brand with over 70 years of tradition.

This is an important step in the implementation of YORK PL’s strategy for 2022 – 2025. The involvement of our company in Western European markets is expected to help diversify sales and ensure stable future growth.

In addition to the rights to the Paul Koch brand, we are acquiring a broad portfolio of products. We plan to continue and develop fruitful cooperation with customers in Germany, Austria and Switzerland.

Torsten Berghaus remains in the position of CEO of PK Direkt GmbH, who together with Hubert Stróżyk – Export Director at YORK PL – Filip Makowski and Rafal Zasowski constitute the board of directors of the acquired company.

We extend our congratulations to Hubert and Torsten and wish them good luck with their new challenges, in these extremely difficult times.

In the coming weeks, we will focus on developing and realizing the synergies of the acquisition.

Greetings,

YORK PL Management Board