Food & Bev

Dutch multinational dairy cooperative FrieslandCampina, the owner of Napolact, one of Romania’s strongest dairy brands, is reportedly looking to sell its local operations, according to sources cited by Ziarul Financiar. The news first surfaced on the Bizlawyer platform. According to market sources, if the deal goes through, its value is estimated at EUR 60-70 million. Among the companies interested in acquiring FrieslandCampina’s

Anglo-Dutch food and consumer products group Unilever is closing its ice cream factory in Veliko Tarnovo, Bulgaria and is moving part of production to Romania, Economica reported. The ice cream factory in the Bulgarian city will cease operations on April 30, 2025 with warehouses remaining operational until August 2025, according to Capital. Unilever did not provide specific reasons for the closure. Sources

Bulgarian venture capital firm Invenio Partners and Warsaw-based Accession Capital Partners (ACP) have acquired a majority stake in Romania’s largest branded coffee chain 5 To Go, as part of its international expansion. The value-focused coffee brand founded in 2015 by Radu Savopol and Lucian Badila started with a small coffee shop out of a garage in the old centre of Bucharest. By

Bucharest-listed Purcari Wineries, the CEE’s leading wine producer, has appointed Alex Filip as Deputy CEO, effective as of January 1, 2024, the company announced in a stock market report on Monday (Sept 4). Mr Filip will attend the Romania and Frontier Investor Days in Bucharest, September 7-8, to introduce himself to the investors’ community. As Deputy CEO, Mr. Filip will report to