Polska Grupa Odlewnicza Spolka Akcyjna signed a letter of intent to acquire Kuznia GLINIK Sp. z o.o. from TDJ Spolka Akcyjna for PLN 52.6 million.

PGO SA, formerly Polska Grupa Odlewnicza SA, is a Poland-based company active in the production of iron castings. Among the Company's products are grey irons ductile cast irons, alloy cast irons, abrasion-resistant cast irons, high-alloy irons and low-alloy cast irons, among others. The Company's steel castings are manufactured from structural cast carbon steels; abrasion-resistant, heat-resisting and creep-resisting structural alloy cast steels; as well as from low-alloy cast steels. In addition, the offer of the Company includes: the manufacturing and adapting wooden, resin and metal patterns; services like machining and heat treatment; as well as services for constructions; and laboratory services. Polska Grupa Odlewnicza Capital Group consists of PGO SA, Odlewnia Zeliwa Srem SA and Pioma-Odlewnia Sp z o o. TDJ SA, an indirect majority shareholder of the Company, takes over control of Fugo SA, Famak SA and Fugo Odlew Sp z o o (FUGO Group).