View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 28, 2016

Creta Farms inks Spanish deal in Europe push

Greek food group Creta Farms has inked a deal to develop new food products in Spain – and signed licensing and supply agreements to enter Bulgaria and Romania for the first time.

Greek processed meat and dairy food manufacturer Creta Farms has inked a deal to develop new food products in Spain – and signed licensing and supply agreements to enter Bulgaria and Romania for the first time.

Creta Farms, which declined to name any of its agreement partners, said the licencing agreement in Spain is its first such deal in the country and is expected to generate sales of EUR80m (US$84.7m) over the five-years of the contract, which comes with a renewal option.

The company said the Spanish deal includes developing “both the local production and distribution” of its Oliving range of products, including pizza, in the market.

The agreements with unnamed companies in Romania and Bulgaria will see Creta Farms’ En Elladi line cold cuts available in major supermarkets and retailers from early in 2017. The company said research indicated the cold cuts market in Romania is worth around EUR1.5bn annually.

In Bulgaria, the cold cuts market is worth around EUR600m annually, Creta Farms said. “The Bulgarian market is similar in size to the Greek market and has a positive outlook for the further development of Creta Farms in the Balkans region.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food