SigmaBleyzer gets 2-3 offers from producers looking to sell every week

SigmaBleyzer, the American investment fund, which has invested over 20 million euros in the acquisition of dairy producers Covalact, Primulact and Lactate Harghita, intends to remain in the shareholder structure of these companies for at least five years as is also considering acquisitions. The smallest sum that the investment fund intends to allocate for a new purchase is 7 million euros. “We get at least 2-3 takeover proposals per week from producers, which was not the case last year,” said Radu Bugica, representative of Romanian subsidiary of the investment fund. The companies held by SigmaBleyzer, Covalact, Primulact and Lactate Harghita posted a cumulated turnover worth 43 million euros in 2007, which places the group of companies among the top five players on the dairy market, ahead of LaDorna, a producer controlled by French group Lactalis since last year.