The company’s budget for the planned acquisitions ranges from several hundred thousands of euros to EUR1-EUR2 million.
“Carmolimp has seen organic growth over the past years through investments in extending and modernizing its production units, but, now, there are many opportunities for acquisitions in this business sector,” company general manager Olimpiu Soneriu said in a statement.
Over the past years, Carmolimp has extended and modernized its production units in Brasov county, central Romania.
Started in 1993 as a family business, Carmolimp has 50 stores and 60 more franchised units.
Carmolimp currently sells its products in international retail chains such as Mega Image, Profi, and Metro Cash & Carry, and plans to extend collaborations to other supermarket and hypermarket operators.
Carmolimp reported a turnover of EUR30 million in 2012, up 20% from 2011, and estimates an increase of at least 10% in 2013.