has used some of the proceeds to acquire a majority stake in a peer in Poland – ZPC Otmuchów The deal by the Istanbul-based owner of the Bebeto sweets brand also includes a minority holding in the ZPC Otmuchów subsidiary PWC Odra Kervan Gida said it used 55% of the IPO proceeds to invest in the two businesses via its own subsidiary Kervan International acquiring the stakes from private-equity firm Warsaw Equity Management and other Warsaw-listed ZPC Otmuchów had a turnover in the year ended 31 December 2020 of EUR50.4m (US$61.2m) according to a statement announcing the deal The companies have four manufacturing plants between them employing 600 workers and both supply branded products to retailers such as soft sweets said the stake in ZPC Otmuchów amounts to between 64.36% and 65.29% It is paying EUR3.8m for a 26.95% holding in PWC Odra The transaction is expected to close by the end of the current quarter.  Kervan Gida’s head of sales and marketing said: “We aim to create significant regional synergies in producing and selling soft candy products through ZPC Otmuchów and its subsidiary PWC Odra’s production capacities distribution channels and existing customer base.” Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis In 2017, Kervan Gida bought UK sweets maker Dexters Confectionery to more than 12,000 retailers in the country added: “We’re delighted with the recent news of the company’s latest acquisition Our UK business has grown by 25% alone in the past 12 months; we strongly believe that investment in the European market will be extremely fruitful and that it will go a long way to strengthen our brand value.” Kervan Gida has a production plant in Istanbul and another in Akhisar Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation This is your chance to showcase your achievements Don't miss the opportunity to be honoured among the best - submit your nomination today Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Flood levels have surpassed critical thresholds at multiple river measurement points in southern Poland’s Opole region, with the situation worsening as heavy rainfall continues, APA reports citing TYP World Prime Minister Petr Fiala has warned that some regions may experience flooding levels not seen in over 100 years.  Publikowane artykuły prezentują stanowiska, opinie i poglądy ich Autorów | Web Support: ppcefekt.pl www.facebook.com www.piib.org.pl www.kreatorbudownictwaroku.pl www.izbudujemy.pl Kanał na YouTube Profil linked.in Używamy cookies i podobnych technologii m.in. w celach: świadczenia usług, reklamy, statystyk. Korzystanie z witryny bez zmiany ustawień Twojej przeglądarki oznacza, że będą one umieszczane w Twoim urządzeniu końcowym. Pamiętaj, że zawsze możesz zmienić te ustawienia. Szczegóły znajdziesz w Polityce Prywatności.