Food Union, present in Romania, gets EUR 214 mln investment from PAG and Meridian Capital

Newsroom 08/02/2017 | 10:51

Food Union, a group with international operations in dairy production and ice cream that controls Alpin57Lux in Romania, got an investment of EUR 214 million from PAG, an investment fund from Asia, and Meridian Capital, an existent investor in the group.

PAG will invest EUR 161.6 million, while Meridian Capital will provide EUR 52.4 million. The fresh investments will support the expansion of the Food Union group, with a focus on China, where Food Union is about to finish the investments the two dairy factories. Besides the capital, the two investors will bring specific country know-how to Food Union and operational experience, that will support the management team.

„Food Union had a exceptional year in 2016. In Europe we consolidated the position in the countries where we already operate and we acquired two ice cream producers, one in Norway and the other one in Romania. In China we invested in two modern dairy factories, that we’ll supply dairies of highest quality to the Chinese consumers at the beginning of 2018. The investment made by PAG and Meridian represents a trust vote in the Food Union strategy and we are eager to work with PAG to build a strong business in the dairy industry from China,” said Andrey Beskhmelnitskiy, CEO at global level and founder of Food Union.