Parmafood Group Distribution SRL and Parmafood Trading SRL posted combined revenue of RON277.5 million in 2023 (+13% compared with 2022) and a combined net profit of RON16.6 million.
The acquisition was announced in the first month of this year and the price was EUR16.5 million.
“We are completing the second transaction of this year. The acquisition of the two Parmafood companies marks another significant milestone in AQUILA’s announced evolution and represents a concrete step in our growth strategy with a direct impact on the HoReCa market,” Aquila CEO Catalin Vasile said.
AQUILA ended 2023 with revenue of RON2.5 billion (+14% compared with 2022) and a net profit of RON97 million, the highest in the history of the company. The results were primarily driven by the distribution segment, which accounts for approximately 94% of the company’s revenue.
(English version by Loredana Fratila-Cristescu)