French group Lactalis is in position to control 23 percent of the local dairy market, estimated at EUR 800 million.
This year Lactalis purchased two of its biggest competitors on the Romanian market – Albalact and Covalact. After completing the first transaction, the company will reach an EUR 182.3 turnover (RON 820 million), Profit.ro reports.
The company will therefore control almost a quarter of the local dairy market, and is followed by French company Danone, which reported an EUR 107.5 million (RON 484 million) turnover. Together, the two companies control over 36 percent of the local dairy market.
According to results posted in 2015, Dutch-owned Friesland Campina (Napolact) comes next, with RON 394 turnover, followed by Greek capital company Olympus with RON 338 million and Hochland RON 216 million.
The only Romanian dairy producer with more than RON 100 million turnover is Simultan Timis, which posted a turnover of RON 143.9 million. Simultan Timis is owned by the Herbai family.
Lactalis is a world leader on the global dairy market and owns brands such as President, Parmalat and Galbani. The group employes over 75,000 and owns over 200 factories, located in 43 countries.
By Georgeta Gheorghe
Source: Business Review
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.