Foreign investor reportedly in talks to take over major Romanian dairy group Simultan
<p>The Romanian owner of the major local dairy Simultan, Florin Herbai, is in talks about selling the company to a foreign investor, according to <a href="https://www.economica.net/florin-herbai-fondatorul-simultan-cel-mai-mare-procesator-de-lapte-cu-capital-integral-romanesc-este-in-negocieri-pentru-a-si-vinde-afacerea_800754.html?mc_cid=5dd6e6d9fe&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a>.</p>

<p>"We have been discussing selling [the company] for about eight months. I received an offer, and I am ready to sell it for the right price," said Herbai, who, together with his family, founded and developed the Simultan company and the Sim dairy brand 30 years ago.</p>

<p>The company, headquartered in Timis County but operating in more locations in the western and central part of the country, reported a RON 400 million (EUR 80 million) turnover and RON 40 million net profit in 2023.</p>

<p>The company recently opened the third factory in its portfolio, following an investment of EUR 30 million, and will gradually move milk processing operations to this new unit.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Evgeniy Parilov/Dreamstime.com</a>)</em></p>