The company also forecasts its turnover will exceed EUR100 million in 2014, due to growth on dairy market. In 2013, the company reported a turnover of RON423 million (EUR95.7 million), up 23% from RON343.8 million in 2012.
The company’s representatives said that, in 2014, Albalact will invest in launching a wide range of dairy products and will start negotiations for the partial or total sale of Albalact Logistic.
Albalact ranks third among Romanian dairy makers with a portfolio of over 80 dairy products under the brands Fulga, Zuzu, Fruzu, De Albalact and Raraul, according to company data.
Local businessman Raul Ciurtin indirectly owns a 42.53% stake in the company, through Cyprus-registered Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%). Cyprus-registered investment fund RC2 Limited owns a 25.45% stake. (EUR1=RON4.4403)