Romanian dairy group Albalact has received approval from the country’s competition watchdog to complete the proposed acquisition of regional dairy company Raraul.
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Raraul, a cheese producer based in north-eastern Romania, is strategically important because it has access to a “strong” supply of raw milk, a spokesperson for Albalact told just-food today (14 January).
“We are extremely satisfied that the merger has been approved by the competition authorities,” the spokesperson said.
Rarul’s 2007 turnover totalled EUR4.8m (US$6.4m) and the group posted full-year net profit of EUR132,833.
“The effects of [the] notified merger on the competitive environment are not significant, and the operation has not led to the creation or strengthening of a dominant position on the relevant markets identified,” the Romanian Competition Council said in a statement.
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By GlobalDataAlbalact markets fresh dairy sold under the Fulga and Zuzu brands as well as butter, yoghurt and cream under the De Albalact brand.
