According to a press release issued on Tuesday by Atlantic Grupa, this leading producer of instant vitamin drinks, sports food, cosmetics and personal care products and a leading distributor of fast moving consumer goods in the region has expanded its distribution network in southeastern Europe by the latest acquisition.
Atlantic Grupa is planning to increase by 20 percent this year's turnover in Viciski Komerc, which is as of now called Atlantic Trade Skopje.
Earlier this year, Atlantic Grupa, that employes 1,400 workers, took over Fidifarm, a producer of vitamin products and food supplements that owns Dietpharm brand, a leading brand in this category at the Croatian market. This acquisition cost 83 million kuna and the group also acquired Serbia's Multivita for six million euros in 2007, too.
The group's consolidated revenues in the first quarter of 2007 were 372.5 million kuna.
Emil Tedeschi, the president and CEO, and the Tedeschi family, hold almost 90 percent of the stock in Atlantic Grupa. The German development bank, DEG Invest, which became Atlantic Grupa's shareholder in November 2006, holds 8.24 percent.