The Mexican bakery giant has acquired Vel PItar SA – a major player in branded breads and other baked goods in Romania – from US private equity firm NCH Capital for an undisclosed amount.
PepsiCo is investing another $100m – on top of the $320m over the past decade – into Romania, to double the production capacity of its Popești-Leordeni snack plant.
Austrian investment firm Leipnik-Lundenburger Invest (LLI) said it
has successfully completed its entry into the southeastern European
milling market with the acquisitions of two bakery firms.
Romanian plastics firm Prodplast has begun searching for a partner
it hopes will help it to step up production of polyethylene in the
country's blossoming market for flexible food packaging.
With no currently outbreaks of avian influenza being found in the
EU's borders, all restrictions on the movement of farmed birds have
been lifted within the bloc, the European Commission reported
yesterday.
Agrana, which claims to be the leading sugar and starch producer in
Central and Eastern Europe, plans to expand its activities towards
the Western Balkans.
US-based investment group New Century Holdings intends to
consolidatemarket leader Vel Pitar's position as Romania's
topbakery, writes Bogdan Tudorache in Bucharest.
PepsiCo is now in a prime position to dominate the blossoming
European snacks market, especially the emerging eastern sector,
after US food maker General Mills pulled out of their 12-year-old
joint venture to pay off mounting debts,...
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
US giants PepsiCo and General Mills have bought their way in to the
Romanian snacks market in anticipation of strong growth in the next
few years, though analysts warn that growth is far from that of the
Czech Republic, the regional...
Nestlé Romania has confirmed that it is to invest a further €3.5
million in its factory in Timisoara, as the company reaffirms its
ambitions to dominate the all-important wafer market in the region.
Romanian bakery group Vel Pitar looks set for further expansion
after announcing that it intends to become more acquisitive and
that a significant increase in its investment programme is mooted
for the year.
