Central European Distribution now a billion-dollar company

It may strike some as odd that one of Poland's biggest vodka makers is based in Bala Cynwyd. But Central European Distribution Corp. has set about over the last few years to acquire acquire brands and expand its operations.

So much so that the Montgomery County firm closed 2007 with net sales of $1.19 billion, up from $944 million in 2006.

Central European reported 2007 net income of $77.1 million, or $1.91 per share, compared with $55.5 million, or $1.53 per share, the previous year.

And management sees only growth ahead. It is forecasting net sales of $1.3 billion to $1.4 billion for 2008 and earnings per share of $2.08 to $2.18.