Schreiber Foods Acquires Danone's Bulgarian Unit Production Capacities
Friday, 13 September 2013
The Bulgarian unit of French dairy producer Danone has decided to transfer the ownership over its production capacities to its US partner Schreiber Foods, Danone Serdika said.
Danone is also selling its production capacities in Portugal and the Czech Republic, Danone Serdika said. The move is in line with Danone's strategy aiming to ensure sustained growth and better competitiveness by optimising capacity and expenses, taking into account the European markets' fall, it added.
Schreiber Foods will keep all workers at the factory in Sofia, which will continue to produce Danone-labelled products.