The Group, established in 1991, comprises a slaughterhouse, a bread factory, chicken farms, a warehouse and an own store chain, producing over 7 million chickens annually in its own farms.
Against the backdrop of the COVID-19 pandemic, the company has adjusted its activity in the HoReCa (hotels, restaurants, cafés) sector, by launching new product lines destinated for direct sale, for both poultry and bakery products.
Oncos business, controlled by entrepreneur Vasile Onaca, entered insolvency in the spring of 2014, at its own request, citing a decline in Romanians’ purchasing power and the lack of a proper business financing. Creditors approved Oncos’ reorganization plan for a tree-year period, starting June 2015.
Per Finance Ministry data, Oncos had total debts of RON186 million, a turnover of RON77 million, a net profit of RON6.4 million and 270 employees at the end of 2018.