Sun Wave Pharma was bought by two investment funds in October 2021-Letter One and Blantyre Capital and they have ambitious plans to build the largest nutraceuticals company in ECE, explained Kalfayan. Their first acquisition is Sun Wave Pharma in Romania, with the company set to be the hub for future expansion.
The CEO also said the company is doubling the area of offices, of the warehouse in Romania as it needs more people and more space. The next step will be to move the assembly for several of the company’s products in Romania and then move the entire production for part of its brands in Romania. The process will be a gradual one.
Bedros Kalfayan explained Sun Wave Pharma annually grows above the food supplements market it operates on, by over 35%. In 2021, the company reached EUR69 million turnover, up 34% on the year. Its number of employees stands at 431.
(English version by Catalina Apostoiu)