Greek snack food maker Chipita International has said its Chipita East Europe unit has agreed to acquire Bulgarian snack food firm Royal Foods Holding.
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The acquisition, which will include brands and production facilities, is expected to take place in May, reported Dow Jones International News.
Royal Foods, Bulgaria’s second-largest snack food maker, had sales of €13.5m (US$16.6m) for 2003. Financial details of the deal were not disclosed.
