The JLC Group posted EUR283 million sales last year and operates in countries like the Republic of Moldova, Ukraine, Kazakhstan, Germany and Romania. The company, which has about 2,500 employees, makes more than 80 dairy varieties sold under various brands like the Gingasie, Grauncior, De casa and Faguras cheeses and Prostocvasa sour milk.
JLC plans to drive Prodlacta to EUR20 million sales by 2015 by expanding the areas where it sells it products, according to the reorganization plan. The plan also includes a capital increase Prodlacta will conduct, enabling JLC to acquire 67.7% by conversion of 35.39 million lei (EUR7.8 million) debt.
Prodlacta has been insolvent for more than a year now and its sales have dropped in the last few years from RON61.8 million in 2008 to RON6.8 million in the first nine months of 2012. Losses reached RON17.6 million in the last four years. (EUR1=RON4.5349)
(English version by Loredana Fratila-Cristescu)