AO JLC GROUP becomes majority stakeholder of Romanian company PRODLACTA

One of the largest Moldovan dairy producers - AO JLC GROUP, became the majority stakeholder of the Romanian company Prodlacta (Brasov). According to sources in the Moldovan Company, AO JLC GROUP bought 70% shares of the Romanian dairy factory.

“We are going to develop the company and to enhance its production capacities. At the same time, we want to hold firm positions on the Romanian market,” said a representative of the JLC.

The reorganization plan worked out by the JLC Company also envisages the repayment of debts by converting the shares, as well as offering Prodlacta 18 million lei, by issuing additional shares.

Moldovan citizen Oleg Solomitchi will head the plant. Over the past years, he has been participating in Prodlacta’s investment projects, which made it possible to increase the enterprise’s production capacities.

“We are going to make investments in the Prodlacta Company and have already displayed our seriousness by investing in its development about 4 million euros. We hope that in the next three years Prodlacta will be among the leaders on the Romanian dairy market,” he said.

Infotag’s dossier: JLC Group Company is a transnational group that comprises manufacturing enterprises, wholesale and retail trade enterprises, as well as enterprises engaged in providing services. The enterprises of JLC Group Company are located in the Republic of Moldova, Ukraine, Kazakhstan, the Federal Republic of Germany and Romania.
The Joint-Stock Company JLC is an enterprise of the transnational concern JLC Group. At present JLC is the largest dairy processing plant in the Republic of Moldova, as well as a recognized dairy products leader on the Moldovan market. At present the JLC has a total area of 6.5 ha. The staff of the company consists of 845 employees, 113 of whom form the Department of Administration, 421 persons are involved into the commercial activities and 311 are employed in the production sector. In 2011, it reported a turnover of over 659.8 million lei, with net revenues of 12.9 million lei.

Adapted from: INFOTAG