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Croatia: lab glass maker Tlos buys Bosnian Medik

Croatian laboratory glass and equipment maker Tlos DD of Zagreb has bought a 67% stake in Bosnian medical company Medik for an undisclosed sum, it was reported on 27 May 2003.
Tlos has promised to in…

Croatian laboratory glass and equipment maker Tlos DD of Zagreb has bought a 67% stake in Bosnian medical company Medik for an undisclosed sum, it was reported on 27 May 2003. Tlos has promised to invest BAM 2.74 Bosnian (USD 1.24 million/EUR 1.0 million) in Medik for the period 2003-2006 and to restart the company without delay. Tlos also plans to double Medik“s staff from the current 59 workers within five years.

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