ZF has recently reported that SigmaBleyzer is getting ready to exit Covalact, which it bought in 2007. The decision of the firm to sell comes at a very good time, financially speaking. SigmaBleyzer stayed at Covalact almost a decade, compared with an average of four to five years a private equity firm keeps its stake in a company. Covalact has 560 employees and two plants in Sfantu Gheorghe and Miercurea Ciuc. The group makes 100 products or about 2,500 tons of dairy product a month.
Tzafrir Granat, general manager of Mueller Dairy Romania said in 2014 that the group was always looking for companies for sale but only bought those that met its standards.
Covalact, the largest company of the Covalact group posted almost 200 million lei (EUR44 million) revenue and had more than 350 employees last year.
Mueller Dairy Romania posted RON60 million revenue and net loss of RON4.9 million last year, according to the Finance Ministry website. (EUR1=RON4.5068)
(English version by Loredana Fratila-Cristescu)