Savencia entered the Romanian market in 2010 after buying a 52% of local Delaco Distribution.
Savencia is currently the second largest player on the French cheese market and fourth largest internationally. It is listed on the Paris Stock Exchange and it portfolio includes brands like Caprice des Dieux, Geramont, and Milkana.
Delaco founders Tudor Comaniciu, Dragos Comaniciu, Victor Vartolomei, and Romulus Dumitru currently own 28% of Delaco. The biggest share, 15.7%, is held by Tudor Comaniciu, according to Trade Registry data.
Delaco Distribution is one of the largest players on the Romanian dairy market and had a turnover of RON336 million last year, 18% higher than in 2015, according to finance ministry data. The company made a profit of RON32.5 million last year, double compared with 2015.
Delaco doesn’t have a local factory but had an average of 439 employees last year.