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Leading Croatian Food Company Acquires Serbia’s Foodland

One of the leading food companies in the region, Croatia’s Atlantic Grupa, has acquired Serbian food producer Foodland, it was reported by Reuters on Wednesday…

Atlantic Grupa, whose business operations sees them have market presence in over 30 countries around the world, will take over the Belgrade-based company which has over 170 employees and is present in more than 20 international markets.

Atlantic Grupa CEO Emil Tedeschi

Atlantic Grupa CEO Emil Tedeschi

Atlantic Grupa’s primary activities are the production and distribution of food products, including sports nutrition products and dietary supplements, as well as hygiene products. The company’s key brands include Cedevita, Cockta, and Argeta. The company did not reveal the cost of the acquisition, but did say that Foodland’s annual revenue would reach close to 8 million euros.

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