Bongrain takes majority stake in cheese firm
French cheese-maker Bongrain has made its first investment in Romania with the acquisition of a majority stake in local distribution firm Delcado.Bongrain, which has been exporting products to Romania, has decided to move for a shareholding in a local firm to expand in what is “an attractive market”, a spokesperson told just-food yesterday (30 March).
The French group already has operations in other Eastern European markets, including Poland, Hungary and the Czech Republic, the spokesperson added. Financial details were undisclosed.
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