Żabka Group Receives Approval For DRIM Daniel Distributie Takeover

By: Trademagazin editor Date: 2024. 03. 04. 09:52

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Poland’s Żabka Group has received approval from the Romanian National Authority for Consumer Protection (ANPC) to acquire a majority stake in DRIM Daniel Distributie.

The approval follows on from the announcement in late December that Żabka was set to acquire a controlling stake in the business, which one of the largest distribution networks for FMCG products on the Romanian market, currently employing more than 800 people.

DRIM Daniel Distributie has been in operation for three decades, during which time it has developed an extensive logistics network, supplying around 12,000 traditional stores.

The Żabka acquisition will enable the ‘the further accelerated growth of the company’, the Polish firm said in a statement, taking advantage of ‘DRIM’s market position, local reputation, know-how in the convenience area and capital commitment’.

In recent years, Żabka has evolved into a prominent European convenience retailer. Under the ownership of CVC Capital Partners, the company now operates more than 10,000 stores, offering door-to-door services, digital solutions, and serving approximately three million customers daily.

The Żabka group consists of three main branches: Żabka Polska, which oversees the core operations, Żabka Future, functioning as an incubator for innovative ventures, and Żabka Digital, focusing on digital convenience services.

ESM