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Ukraine: Delta Wilmar buys tomato paste brand Chumak
Dragon Capital announced on 28 May the sale of its entire stake in Chumak, Ukraine’s leading producer of branded food products, to Delta Wilmar – the Ukraine affiliate of Wilmar International Ltd Singapore, one of Asia’s leading agribusiness groups.
“We are happy to announce a successful exit from our investment in Chumak. It has been a pleasure to support such a great business and management team over the last ten years,” Dragon Capital CEO Tomas Fiala said. Delta Wilmar group plans to double the export of Chumak products to the EU countries and begin deliveries to Asia within the next three years.
Chumak is one of Ukraine’s most recognized branded food producers, manufacturing ketchup, mayonnaise, tomato paste, sauces and pasta. Established in 1996 by Swedish businessmen in Kakhovka (Kherson region), it is one of the largest tomato processors in the CIS with an annual processing capacity of up to 100,000 metric tonnes.
Delta Wilmar CIS LLC was established in 2004. It specializes in the production of oil and fat goods and ingredients for bakery, confectionery and dairy products.
Source: kyivpost.com, open4business.com.ua, latifundist.com, iegvu.agribusinessintelligence
