Organic builds bio-food group

MG
opublikowano: 03-12-2007, 11:25

Warsaw (Puls Biznesu) – Bio-food retailer invests in Bio Planet, a distributor of ecological food. The latter is connected with Green Way vegetarian bars.

 

The biggest companies of the bio-food market are joining forces.

“Our client, Organic Farma Zdrowia, has signed investment agreement with Bio Planet company. Organic will become strategic investor of the company”, Ada Kluzek, communication director at Top Consulting, Organic’s advisor, said.

She did not reveal details. She only said that Organic won’t have a majority stake at Bio Planet. Heads of both companies refused to comment.

“It’s a fresh case. It’s too early to talk about details”, Sylwester Struzyna, Bio Planet CEO said.

 

Organic is Poland’s biggest retailer of bio-food. Bio Planet is Poland’s leading distributor of ecological food. Both companies are going to be listed on New Connect, the market for smaller companies. Organic’s debut is supposed to take place in several weeks’ time. Bio Planet’s shareholders have also stakes of Green Way, vegetarian food bars.

In effect, a capital group with joint sales of several dozens million zloty may be founded. The bio-food market in Poland grows 30 percent annually. Today, its value exceeds PLN 200m (EUR 55m).

(PLN 1 = EUR 0.275)

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Podpis: MG

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