The company’s profit was RON15.5 million, slightly higher on the year, and the number of employees stood averaged 80 people.
The company Parmafood Trading reported 5% higher turnover for 2023 compared to 2022, of RON39.8 million. Its profit rose 1.5-fold to almost RON1 million, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data. Parmafood Trading had on average three employees.
On January 11, 2024, Aquila announced the signing of a preliminary transaction agreement to acquire 100% of the shares of Parmafood Trading SRL and Parmafood Group Distribution SRL, companies placed among the leading distributors of fast-moving consumer goods, for a maximum price of EUR16.5 million. This is the second takeover agreement after the distributor had signed in November 2023 a contract of this kind to fully acquire Romtec Europa, a company specialized in the production of vehicle maintenance aerosols and fluids.
The acquisitions are part of Aquila’s growth plan and company representatives have repeatedly said they target both organic and acquisition-based growth.