Romanian food business Cris-Tim plans to launch an initial public offering (IPO) on the Bucharest Stock Exchange.
The company, which produces cold cut meats and ready meals, said in a statement yesterday (29 September) that the offer will comprise a sale of shares by the majority shareholder alongside newly issued stock.
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Full terms will be disclosed in a prospectus once approved by the Romanian Financial Supervisory Authority, the group added.
Cris-Tim is 99.97% owned by Rangeglow, a Cyprus-based holding company set up by founders Radu and Cristina Timis.
Radu Timis, who is CEO, said: “We are market leaders in the cold cuts and ready-meals segment and have ambitious growth plans for the coming years. Our experience over the last few decades has paved the way for where we are today.”
The company said it is targeting organic expansion and acquisitions in cold cuts and ready meals, backed by an investment programme of 890m lei ($205.4m) from 2025 to 2030.
“Part of this investment plan is focused on developing existing production capacities, a programme partially financed by the national programme for revitalising the agri-food industry,” the statement read.
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By GlobalDataIn 2024, the group reported revenue of 1.12bn lei, EBITDA of 167m lei and net profit of 88m lei.
Cold cuts accounted for 86% of revenue in 2024 and ready meals 9.4%.
Founded in 1992, Cris-Tim operates three factories in Filipestii de Padure, Măgureni and Bucharest, with a combined daily capacity of 215t.
Its flagship plant in Filipeștii de Pădure spans 50,000 square metres and manufactures cold cuts for the core Cris-Tim and Matache Măcelaru’ brands, along with meat-based ready meals.
The 6,000-square-metre Măgureni facility supplys the company’s economy-range Alpinia cold cuts and private-label assortments.
In Bucharest, the 2,200-square-metre plant produces ready meals such as soups, stews and salads.
Cris-Tim’s products are stocked by retail chains such as Kaufland, Lidl, and Carrefour, and are available in more than 15,000 traditional shops.
The company also operates 18 proprietary stores and ships to 17 countries across Europe.
It said all exports come from the Cris-Tim Family Holding portfolio and account for roughly 12–14% of annual revenue.
