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Slovenian food firm sold to Croatian neighbour

26-Jul-2010

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A mega branded food company in south-eastern Europe is to be created by the acquisition of Slovenia’s Droga Kolinska by Croatian firm Atlantic Grupa.

The acquisition is being funded by a €57m package from the European Bank for Reconstruction and Development.

Atlantic Grupa has already increased its bulk by making a number of acquisitions in the region, as well as in Germany and the UK. It produces sports food, personal care products, vitamin drinks and food supplements, but distributed other international consumer brands; Droga Kolinska, meanwhile, is Slovenia’s largest branded food company with subsidiaries in seven countries and 14 production facilities.

In its drive to achieve further growth, Atlantic Grupa successfully bid for the acquisition of the Slovenian Droga Kolinska,

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