FrieslandCampina reportedly seeks buyer for Romanian subsidiaries
<p>Dutch multinational dairy cooperative FrieslandCampina is reportedly seeking a buyer for its Romanian subsidiaries, a deal that, if completed, would reach EUR 60-70 million, according to sources quoted by <a href="https://www.zf.ro/eveniment/surse-grupul-olandez-frieslandcampina-proprietarul-celui-cunoscut-22684718?mc_cid=25ab111e92&amp;mc_eid=607bd7d763" rel="noopener" target="_blank">Ziarul Financiar</a>.</p>

<p>FrieslandCampina, active in Romania since 2000, gained a significant position in 2004 when it took over local brand Napolact.</p>

<p>The company's turnover exceeded EUR 110 million in 2022-2023, while its profit remained close to zero (positive or negative) after an average annual net profit of EUR 4 million in each of the previous four years when the turnover ranged within EUR 90-96 million band.&nbsp;</p>

<p>FrieslandCampina owns the brands Napolact, Campina, Milli, Oké, and Dots, and its range of products includes drinking milk, yogurt, cheese, butter, and milk-based snacks.&nbsp;</p>

<p>FrieslandCampina operates two production units near Cluj-Napoca (at Baciu)&nbsp;and in Târgu Mureș, while its headquarters are located in Bucharest. Its personnel decreased below 500 in 2023.</p>

<p>According to sources familiar with the market consulted by Ziarul Financiar, among the companies interested in acquiring the dairy producer are Hungary's Sole-Mizo, part of the Bonafarm group, as well as the French group Danone. Vertically-integrated Bonafarm group, also including leading pork brand Pick, is controlled by the family of the Hungarian billionaire Sándor Csányi, who is the president of the OTP banking group.</p>

<p>While Danone has a production unit in Bucharest, Sole-Mizo imports and distributes its products on the local market.&nbsp;</p>

<p><em>(Photo:&nbsp;FrieslandCampina warehouse from company)</em></p>

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