ROMANIA: Caroli takes 23 million euros loan for production expansion | Progresiv
Caroli Foods Group, recently fully acquired by Sigma Alimentos, has obtained a syndicated loan worth 23 million euros from BCR and BRD. 
The credit was granted to expand production facilities, purchase new equipment and finance working capital. BCR and BRD were assisted by lawyers from Nestor Nestor Diculescu Kingston Petersen (NNDKP).
"2017 is a historic year for the Caroli Foods Group due to its takeover by Sigma Alimentos, one of the world's leading prepared and preserved meat leaders. This shareholder change guarantees that we, Caroli Foods Group, will continue to invest in our brands, technology and innovation ", said Khaled el Solh, CEO of Caroli Foods Group.
Currently, Caroli Foods Group's common portfolio includes 5 brands: Caroli, Campofrio, Sissi, Maestro and Primo, with over 200 products. At the same time, the company owns a factory in Pitesti, warehouses across the country, a fleet of over 350 cars, and a distribution network. The company expects a 10% advance of business for this year, up to 117 million euros gross sales and a net turnover of 95 million euros.
Sigma Alimentos owns 69 factories and operates in 18 countries across four regions: Mexico, Europe, the United States and Latin America, has over 44,000 employees and 5.7 billion dollars in revenues.
