“We have made this investment because we saw an opportunity on a segment with potential. Through this partnership, FDS will benefit from the group’s experience in sales, promotion and distribution,” said Manuela Banu, general manager of Orkla Romania.
The three shareholders that sold the firm (Codrin Daczo, Eugen Iftimi and Maria Apostu) will stay on as managers and they will maintain the organization structure.
Food Distribution Services was founded in 2008 and it has 39 employees. The company posted sales of some EUR4.6 million in 2010.
In the first nine months of 2011, Orkla Foods Romania saw a 19% year-on-year increase. The company has 380 employees and it is the main employer in the counties Iasi and Covasna.
OFR is owned by Norwegian group Orkla, which has 30,000 employees and posted revenue of EUR7.4 billion in 2010.