The Mitzalis Family started a croissant business in Romania in 1994 – Fantastic Star, a brand it sold to Chipita in 1999.
Golden Foods Snacks produces and sells peanuts, nuts, seeds and dehydrated fruits, both under the Elmas brand and under the brands of third parties (private label products). Golden Foods Snacks, which has a factory in Filipestii de Padure (Prahova County), ended 2021 with a turnover of RON37.6 million. The company has recently contracted two credit facilities from state-run lender CEC Bank, worth a total RON9.5 million, via the IMM Prod program.
Golden Foods is 47.4% controlled by GF Holdings Limited, while Golden Brands Limited holds a 37.6% stake and I.G. Hellas Group holds 15%of its share capital.
Derpan manufactures bread, cakes and fresh pastry products. The company’s activity consists in manufacturing and selling bakery products such as croissants, strudels and cupcakes. Derpan ended 2021 with a turnover of RON39 million and a net profit of RON186,000 versus RON5.2 million in 2020, in line with finance ministry data.