Vel Pitar begins divesting

Two specialised companies, one of which operating commercial space and the other operating as a distributor will break up from the Vel Pitar milling and bakery company and become independent entities. Vel Pitar, one of the main players on the milling and bakery market was created by the merger of several bread-making factories. The company owns 174 stores that take up more than 10,000 sqm, set to be operated by a new company organised as a Vel Pitar division. Another business that will be divested is the distribution. “The separation of the two divisions is part of our business strategy. They already operate as independent entities de facto. Vel Pitar is now a sum of locations, but we want it become a sum of activities,” says Dan Trifu, Vel Pitar vice-president. ZF