AAylex Group, owner of the Cocorico brand, announces the completion of the acquisition process of the shares of Banvit Foods Romania, a leading producer of feed, day-old chicks and hatching eggs, member of the BRF SA Group. The total value of the transaction amounts to EUR 20.3 million

Being one of the few major players in the Romanian food industry with a fully integrated business model, AAylex Group follows to strengthen its position in the market, with the main objective being to offer the same premium quailty of Cocorico products. The process of integrating the operations of the two companies is expected to take place in the immediate future, given the similarity of values and principles shared by both companies.

”Banvit Foods SRL Romania has been a traditional collaborator of AAylex Group, sharing similar values and principles with our organization, such as the premium quality of the products offered, ethical production standards and social responsibility. Through this strategic acquisition, AAylex Group will benefit from the advantages of completing its animal feed, day-old chicks and hatching eggs production capacities, covering all integrated production activities, from genetics, feed production, breeding, hatching, rearing, slaughtering, to factories for value-added products.

AAylex Group is among the few European companies fully integrated into the Food Industry system. We are 100% confident that we can achieve the synergies and growth projected through this acquisition and that we will quickly integrate Banvit Food Romania into our group. We will thus continue to demonstrate that the AAylex Group’s mission is not only to produce and market healthy food, but also to create a quality experience for consumers who use Cocorico products. On this occasion, I would also like to thank all the partners who have been with us throughout the transaction – CEC Bank and Eximbank equally in arranging the necessary financing, PCF Investment Banking Romania, Deloitte and Nestor Nestor Diculescu Kingston Petersen (NNDKP), who took all the steps in structuring, negotiating and implementing the transaction” – Bogdan Stanca, founder and CEO of AAylex Group.