Between 2010 and 2015, Dorna Lactate only posted net profit in 2012 and more than RON48 million losses in all the other years, after having closed a number of plants and shed almost 500 jobs during the crisis, according to ZF’s calculations based on the data on the Finance Ministry’s website.
Lactalis, world’s largest dairy group, bought LaDorna brand from businessman Jean Valvis in 2008 when it paid EUR80 million to EUR90 million for it. The French group is now getting ready to take the top spot in the local dairy industry, after having reached an agreement with the majority owners of Albalact (the Ciurtin family, Crisware Holding, Croniar Holding and RC2 – which own about 70%) to buy the company.
Albalact is the local dairy market leader, with more than EUR100 million revenue. Dorna Lactate, on the other hand, is not among the top five in the industry.
(English version by Loredana Fratila-Cristescu)