6 July 2016 romaniajournal.ro
The Competition Council has authorized the economic concentration achieved by the taking over of SC Albalact SA, SC Rarăul SA and SC Albalact Logistic SRL by B.S.A. International, the Competition Council informs in a statement on Wednesday.
B.S.A. International is owned by B.S.A., French company that is the parent company of the Lactalis group. Lactalis Group sells in Romania dairy products manufactured both locally by Dorna and Dorna Lactate companies, as well as dairy products manufactured abroad and imported in Romania.
“The Competition Council found that the transaction does not raise significant obstacles to effective competition on the Romanian market or in a substantial part of it, in particular by creating or strengthening a dominant position,” the release reads.
The Competition Council’s decision will be published on the institution’s website after the removal of confidential information.
Albalact – Alba Iulia is the largest locally owned company in the dairy industry. Established in 1971, Albalact was converted into a limited company in 1990 and privatized in 1999. Albalact has Romanian majority ownership and the shares issued by Albalact are admitted to the standard category of the Bucharest Stock Exchange. Albalact holds 99.01% stake in Raraul Campulung and 100% of Albalact Logistic SRL logistics company and has over 1,000 employees in all three entities. Albalact sells fresh, pasteurized and UHT products under the brands Zuzu, Fulga, Rarăul, Albalact and Poiana Florilor.
Lactalis is the worldwide leader in milk processing industry, holding many successful international brands such as President, Parmalat, Galbani. The Group currently has 75,000 employees and owns more than 200 factories located in 43 countries worldwide. In 2015, Lactalis Group had a turnover of EUR 17 billion.