Hame adds Antrefrig brand to its portfolio

Hame Romania, ranked third on the market of tinned pate, with a registered turnover worth 15m euros last year, has acquired the Antrefrig pate brand, one of the top five brands on the market, developed by Iranian investors Manucher Saadati Sohi and Jafar Kabiri. The representatives of the Romanian division were unable to provide any further information on the deal, but some time ago Hame representatives stated they had at least 5m euros earmarked for the acquisition of two domestic competitors. According to market sources, given that the Czech producer bought just the Antrefrig brand and its equipment, the value of the deal cannot exceed 5m euros. According to CTK Czech news agency, the site the Antrefrig plant is located on still belongs to the former owners, who also hold domestic real estate businesses. Last year, Antrefrig posted turnover worth 18.6m RON (5.2m euros) and net income worth around 400,000 RON. The results were weaker than the ones posted in the previous year, namely turnover worth 24.4m RON (6.7m euros) and an income of 835,000 RON (230,000 euros).