The company’s net loss shrank to RON109,304 (EUR23,000) in 2020, from RON236,000 (EUR50,000) in 2019, per public data. Müller Dairy Ro reached on average 45 employees in 2020.
In 2019, Central Bottlings Company became the sole shareholder of Müller Dairy Ro, acquiring the shares from German-based company Molkerei Alois Müller, which owns the Müller brand. Germany’s Müller Group entered the Romanian market in 2008 through a joint venture with Central Bottling Company. Central Bottlings is not at its first transaction of this kind.
Only seven of the world’s 20 largest dairy companies are also present in Romania, per data analysed by ZF in a survey conducted by Dutch cooperative bank Rabobank, one of the leading financers of the world’s food and farming industry.
The top ten dairy companies in Romania had a combined turnover of RON3.45 billion (nearly EUR730 million) in 2020, up over 6% from 2019, per ZF calculations based on finance ministry data. Albalact, part of French group Lactalis, remained leader on the local dairy market after a 8.3% increase in revenue, up to RON672 million.