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
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
