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Wednesday 18.07.2018 | Name days: Rozālija, Roze
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Pure Food sold after posting the best profit

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU, Aivars Žimants

Pure Food Chairman Aivars Žimants

The company was sold at point its profit was the best since its establishment in 1994 – last year the turnover hit 12.6 million lats, but profit – 664.4 thousand lats, points out Aivars Žimants, who sold his company SIA Pure Food to a Belgian confectionery and bakery ingredients manufacturer Puratos.

Since the company’s foundation in 1994 we have done our best to develop faster. Currently, the demand for our products exceeds the output. We are successfully operating in 12 countries. However, we see the demand is increasing each day. To develop and boost the production capacity, we need new equipment, containers, warehouses and cold storages for purchased berries. We have to take a big step forward, yet we cannot do this on our own, Žimants points out to the newspaper Latvijas Avīze.

However, he does not disclose the sum at which the company was sold, however, promising that Pure Food jam quality or recipes will not change.

We were taken by the fact that Puratos is a family-owned company founded in 1919. This company has set up production facilities in 56 countries, employing 5 000 people. We contacted the company, asking if they see opportunities for joint cooperation with Pure Food. We went to Belgium with product samples, which were evaluated, tested in their laboratories and found to be of high quality. We assessed the benefits and losses of merging both companies. There were far more benefits, Žimants says.

Our advantage is that we are neither begging nor in the role of a stepchild asking to join. We are an equal company even though our turnover this year will be only 20 million euro, but for our business partners – 1.1 billion euro; and Puratos appreciates that, the businessman notes.

 


Leave a reply

  1. esti says:

    Successful deal. good luck!

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  4. Antcuti says:

    Salut à vous tous ,

    En premier lieu , offrez-moi la possibilité de vous montrer mon appréciation pour chacune des très intéressantes informations que j’ai trouvées sur cet agréable forum.

    Je ne suis pas sure d’être au meilleur endroit mais je n’en ai pas vu de meilleure .

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    A la prochaine

    Arthru

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    • LorisPaddo86 says:

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