“We want to strengthen our supplier position on the European market and are also proud to be among the first companies in Romania buying a company in Scandinavia,” said Levente Bara, who got the ‘Entrepreneur of the Year” in Romania award from audit firm EY in December.
Supremia Grup posted 155 million lei (EUR34 million) revenue in 2014, with exports accounting for more than 15% of that.
Supremia is currently employing 300 people and has 2,000 customers. It also has three food ingredient stores and a plant in Alba in Romania.
Tamaco Trading and Tamaco Pak are two food ingredient, spice and packaging companies based in Denmark.
“The acquisition of the two Danish companies will add EUR10 million to our revenue over the next two years. We want at least 20% of the Scandinavian spice market,” Levente Bara said.
The entrepreneur hopes this move will enable Supremia to gain 20% to 30% of the Scandinavian B2B food ingredient market in the next three to five years and from there on expand into UK faster.
One of the two companies that Levente Bara bought, Tamaco Trading, had served as Supremia’s distributor in Scandinavia in the last five years.
“Buying the two companies was the only way for me to expand as much as I wanted to in Scandinavia,” the entrepreneur added.
(English version by Loredana Fratila-Cristescu)