The deal is estimated at EUR4-5 million by Sam Dor Divers.
“The meat processing unit near Bucharest complements our business model because we produce pork and beef carcasses in Arges county and this unit will allow us to manufacture products with added value and close the circuit, because we’ll be selling directly to supermarkets and hypermarkets,” Iulian Samarescu, shareholder of Sam Dor Divers, told Ziarul Financiar.
Sam Dor Divers, with a turnover of RON78.3 million and a net profit of RON1.6 million in 2019, is owned by Iulian Samarescu (60%) and Liliana Samarescu (40%), according to Confidas.ro. The company has an average number of 35 employees.
Samarescu said he bought the processing unit to secure his business, saying it was harder to sell to meat processors, on the one hand, and consumption has moved towards supermarkets and hypermarkets.
“I didn’t have the money to buy the assets but I took out bank loans,” he said.
Nicbac Prod had revenues of RON58.6 million in 2019, is owned by Iulian Farcas (99%) and Mihaela Farcas (1%) and is based in Bacau county. It bought Integra and Integra Trading Meat in Chitila in 2017 from Amir Krenzia (founder of Alka) and Shachar Shaine (former head of Tuborg in Romania). Integra had entered insolvency in 2015.