17 July 2007 - Austrian food industry investment company Leipnik Lundenburger Invest (LLI) has acquired 60% stakes in bakery firms Loulis of Romania and Sofia Mel SA in Bulgaria, the company said in a statement.
The acquisitions are in line with LLI’s expansion strategy in the European milling market.
Loulis Romania is part of Greek group Loulis, which has 2 sites in Romania, in Bucharest and in Targu Mures, where about 210,000 tons of grain are milled per year.
In Bulgaria, the group has a facility in Sofia with an annual milled quantity of approximately 130,000 tons.
The group also owns sites in Volos and Piraeus in Greece as well as in Tirana, Albania.
To ensure the efficient management of the LLI mill group in the future, a holding company has been set up. LLI Euromills GmbH started to operate on 30 June 2007.