The purchase boosts the trader’s grain storage capacity by 7% to 730,000 tons and is Agricover’s first step on the agricultural market in western Romania.
“We have put several silos and grain bases up for sale. Agricover bought two of them. Talks are underway with other companies to buy the company’s remaining bases,” said Ioan Isai, coordinating associate of Euroconsult Sprl, the liquidator of Comcereal Bihor.
By the acquisition of silos in Bihor county, Agricover sets up grain storage facilities a few km away from the border with Hungary, close to the city of Oradea.
In the area, Agricover will fight for the harvest of local farmers with players such as Comcereal Satu Mare, Comcereal Timisoara, Alfred Toepfer and Cerealcom Timis.
(English version by Daniela Stoican)