Following the transaction, Alin Zamfira will also hold the position of Chairman of the Board of Directors. Zamfira will be replacing Jabbar Kanani who is Chairman of the Board of Directors of Abatorul Peris and the founder of Agricover, a significant player in the Romanian agribusiness sector. Romania’s Competition Council has already been notified and the transaction will be completed upon the watchdog’s decision.
Cathedral Group started its activity in 2015, with the aim of taking Romanian products to the large store chains. At present, the Group includes two meat processing units, namely, Cathedral Distribution and Policalita, as well as Almado Total Distribution, which has a network of 12 specialized stores in the counties of Buzau, Vrancea and Bacau. The consolidated business generates revenue of almost EUR40 million per year and has more than 300 employees.
Abatorul Peris was established in 2019, following investments of over EUR20 million in retooling and boosting the production capacity. The company’s products are sold in large store chains and in its own meat store chain operating under the Peris brand. Abatorul Peris has more than 400 employees and expects a turnover of EUR100 million in 2023