La Fantana said in a statement Monday that the acquisition follows its general strategy aimed to consolidate the company’s presence on the market and extend the portfolio of services and products. Through this acquisition, La Fantana takes over 9,500 coffee dispensers, which add to its current 110,000 watercoolers.
La Fantana Group Board Chairman said the company has an extended and efficient distribution network allowing it to develop new directions. He added the acquisition of Lavazza distribution is a first step which marks the beginning of a new stage in the company’s evolution.
La Fantana registered a turnover of EUR29 million in Romania and Serbia in 2013 and has a portfolio of over 40.000 clients. Blue Coffee Service reported a turnover of EUR9.7 million in 2013 and has 82 employees.
Lavazza, one of the world’s best-known coffee brands, is present in more than 90 countries.
La Fantana has been present on the Romanian market for over ten years and sells bottled water for water coolers. The company has over 800 employees in Romania and Serbia, two factories in Romania (in Bucharest and Sibiu) and one factory in Mitrovo Polje (Serbia).
In May 2007, investment fund Innova Capital, headquartered in Warsaw, bought 92% of La Fantana from Oresa Ventures and businessman Cristian Amza for EUR35 million. Innova Capital currently holds a 75.5% stake in La Fantana.