Transilvania Nuts buys Nutribon and Yoli brands | Progresiv

Transilvania Nuts, the company owned by Levente Bara and Alexandru Chiric, specialized in the walnut kernel processing, took over the production and distribution of the Nutribon and Yoli brands under which dried berries and nuts and packaged dried fruits are made.

"We want to expand our presence in this area and be present in all major modern retail chains. It is a category with a huge and growing potential. Moreover, we want to grow in the direction of organic products", said Alexandru Chiric, General Manager and Associate of Transilvania Nuts, for Progresiv.

The Nutribon brand belonged to Ram Servicii, owned by Ioan Gherasim and Mircea Ioan Hategan, and is currently distributed in Mega Image, Carrefour and dm chains, as well as in pharmacies and gas stations. Both brands will be produced in the new plant that Transilvania Nuts will inaugurate in May in Ciugud, Alba County, which amounted to an investment of 4.2 million euros.

According to Alexandru Chiric, this transaction will generate a plus of 1.5 million lei (approximately 330,000 euros) in the turnover this year, estimated at 8.2 million euros. Transilvania Nuts ended 2017 with a turnover of 7.14 million euros.