Completed a few days ago or redemption of the company’s production unit Karamolegos In Romania by Grupo Bimbo Group, via Vel Pitar.
According to a statement, this is a decision that is part of Karamolegos’ broader strategic plan to rearrange its business and enhancing its presence in the Greek market. Under this agreement, the two sides have agreed to not disclose the exact acquisition price, as it is a confidential element expressly covered by legal commitments.
However, on the occasion of reports released on the alleged amount of the transaction price, Karamolegos “categorically states that these data is completely inaccurate and do not actually respond. These are numbers that are not related to this acquisition but to an earlier investment of the Grupo Bimbo group in the same market. The reproduction of these inaccurate information creates confusion and misinformation and is therefore categorically denied. “
The sale of the Karamolegos production unit in Romania is, according to the same announcement, an integral part of the company’s strategy to strengthen its presence and investments in the Greek market. The aim of Karamolegos is in the near future to lead developments in the food industry and in this regard, significant investment initiatives with long -term added value are being implemented.
“This strategy is clearly reflected through the investments that have already been made over the last three years in our facilities in Greece, with the aim of continuously upgrading the quality of our services and products. At the same time, the acquisition of a majority package in Nutree, a Greek brand with a powerful footprint in the field of healthy snacks, reinforces our commitment to innovation and extroversion. In the same context is the recent release of the new Carré product, which ensures the company’s entry into the fast -growing Snacks sector, “the same statement said.
“For Karamolegos for more than 70 years, our people, our values and our constant connection to our place and heritage have been a priority. We build our future in this foundation and in this direction we will continue to move on, ”the announcement concludes.
Source: RES – EIA