Greek dairy firm Neogal revealed yesterday [Sundau] that it is to invest up to €15m (US$13.8m) in the launch of new products and the expansion of its presence in northern Greece by the end of next year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the Kerdos newspaper, Neogal aims to acquire a 70% stake in co-patriot dairy company Rhodope, a subsidiary of Agricultural Bank of Greece.
With the investment plans in place, Neogal expects a 10-15% increase in profit and turnover this year. Last year, the firm posted profit of €1.2m and a turnover of €13.8m.
