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Further into ingredients
Bakalland, a Polish firm specialising in the manufacturing of dried fruits, plans to acquire the Solger group as it looks to expand further into the ingredients market.The move would see the company, which is a currently the country’s leading supplier of raisins adding barley, beans, and cereals to its portfolio of products.
Along with expanding their snack operations, such a move would see the company increase its footing in the baking and confectionery sector.
Local newspaper reports suggest that this latest move by Bakalland is part of wider plans to establish a variety of companies capable of supplying a diverse number of clients in food production.
The announcement comes during a successful year for the company who are looking to build on €1.2m net profit last year.
Even without the acquisition of Solger, Bakalland’s 2006 sales forecast expects to see net profit rise to €2m.
With the group now leading the market in Poland as a supplier of raisins and dried fruits, they have recently become listed on the Polish Stock Exchange.
Through its new position as a public company, the group will hope to continue its plans for growth in the country.
Bakalland plans to raise about €6m through the proposed sale of 2.5m shares in a bid to consolidate its position in the market.
