Dr Oetker coy over plan to sell soy chunks brand in Romania
The frozen pizza maker wants to sell its soy pieces brand Inedit to a subsidiary of Austrian investment holding group Raiffeisen.
German frozen pizza and baking goods manufacturer Dr Oetker has refused to be drawn on plans to sell its soy pieces business in Romania.
A statement released by Romania’s national competition markets council today (23 May) shows the group is looking to hand off the assets from its Inedit soy pieces brand.
According to the statement, Dr Oetker intends to sell the label to The New Originals Company, a subsidiary of Austrian investment holding company Raiffeisen. Headquartered in Vienna, Raifeissen has investments in a number of consumer goods producers in the Romanian market, such as the Slovak tofu producer Alfa Bio.
Dr Oetker declined to comment on the news, stressing it did “not wish to publish any information about our business operations in Romania”.
The company has held a base in Romania since 1998. Its main factory since 2002 has been based in the central region of Curtea de Arges. Around 380 products are processed here, including dessert powders, baking mixes, liquid flavourings, and until recently, soy products.
The factory supplies the Romanian market as well as Ukraine, Moldova and Bulgaria, according to the company’s website.
The competition watchdog said it will assess the transaction “in order to establish its compatibility with a normal competitive environment”.
Just Food
Related news
Lactalis to shut another dairy plant in Romania
The French dairy giant has largely grown its Romania operations…
Read more >Żabka plans to conquer urban Romania
Żabka’s Romanian offshoot, Froo, is targeting two hundred new stores…
Read more >The Polish retail company Zabka is expanding in Romania
The Polish retail company Zabka is expanding in Romania, reports…
Read more >Related news
The owner of the Kifli.hu brand will receive 170 million dollars in growth capital
The Rohlik international group of companies dealing with online food…
Read more >Bringing industry players together is crucial
Our magazine has interviewed Balázs Győrffy, president of the Hungarian…
Read more >KSH: the number of guest nights increased by 13 and the number of guests by 18 percent in May compared to a year earlier
In May 2024, 1.6 million guests spent 3.7 million guest…
Read more >