Advised on Sale of CompanyFood & Beverage
Acquired Majority Control of Business Operations
Klas d.d. is the market leader in the milling and bakery industry in Bosnia and Herzegovina and one of the largest players in Southeast Europe. The company owns two mass production bakeries located in Sarajevo and Mostar. The company consists of four production units: flour milling, bakery, pasta production and confectionery. In 2013, company generated sales of approximately EUR 40 million.
- Leading position in the milling and bakery industry in Bosnia and Herzegovina.
- Very strong heritage brand name with decades of tradition.
- Widespread distribution through distribution centers in all major cities in Bosnia and Herzegovina including a fully automated modern high-bay warehouse with 11,500 pallets.
AS Jelah is a Bosnian mixed conglomerate with a strong focus on production and distribution of food and beverage products. With this integration As Jelah will achieve combined sales of approximately € 100 million per annum, making it by far the largest food and beverage company in Bosnia & Herzegovina. The synergies created with the merger of the two operations will certainly be beneficial for the entire value chain in the local industry and the overall Bosnian economy.
IMAP SEE advised Sarajevska Pivara on the sale of controlling share in the Klas Group. By subsequently making an official take over bid to the remaining shareholders, AS Jelah managed to acquire more than 90% in Klas Group.
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