ROMANIA: Latvian group takes over Alpin57Lux ice cream producer | Progresiv

Alpin57Lux company, one of the major players on the ice cream market in Romania, will be taken over by the Latvian group Food Union after company founder Ioan Istrate sold a majority stake. The new joint venture will support the company's development plans.

Alpin57Lux owns a factory in Sebes (Alba county) and has its own logistics network with a car park with 250 cars and nationwide distribution. The company has in its portfolio more than 100 ice creams sold under different brands and a branded frozen pastry Romcherie. Alpin57Lux, a company with business estimated at about 90 million lei, is competing on the ice cream market with major players such as Unilever, Nestle and Betty Ice.

The Latvian company, Union Food, focuses on distributing consumer goods under the umbrella of different brands, while providing customized solutions for dairy and ice cream industry. Food Union Group comprises into three companies in the production and processing of milk and ice cream in Latvia (AS Rīgas Piena kombināts, AS Valmieras Piensa and SIA Rīgas piensaimnieks), the largest ice cream maker in Estonia (Premia), the largest producer of ice cream in Denmark (Premier Is), the third largest producer of ice cream in Norway (Isbjørn Is) and now, Alpin57Lux.