The acquisition will be funded using a loan of approximately EUR20 million from CEC Bank and EximBank.
Banvit Foods owns a combined feed factory, three chicken reproduction farms and an incubation station.
AAylex Group will use the loan from the two banks to fund the Banvit Foods acquisition and its current activity.
With consolidated sales of over RON651 million in 2020 and over 2,000 employees, Aaylex group is one of the top five players in the Romanian poultry industry.
“With this strategic acquisition, Aaylex Group complements its own capacities and covers all activities of integrated production from genetics, feed, reproduction, incubation, growth, slaughter, to added value products,” said group founder and CEO Bogdan Stanca.