“In 2020, Croco completed a EUR6 million investment in manufacturing and packaging lines, which will enable us to make a new range of products. We surveyed the market, and we want to have a diversified product lineup,” Damian Mereu told ZF.
The company based in Onesti (Bacau) ended 2019 with more than EUR35 million revenue and makes crackers, brezels, sticks, Petite Beurre and cream-filled biscuits. Its products reach such countries as Spain, Italy and Germany, as well as Hong Kong, South Korea and Australia.
The entrepreneur says the 2020 uncertainty has not had a major impact on the business although he did notice decline in March and April. Sales in the summer and the fall were higher than in the year-ago period and he expects to end the year with flat revenue.
(English version by Loredana Fratila-Cristescu)