Croatia is acquired by 1862 Agolaguna, Novigrad’s Fortanova wine

The Croatian alcoholic beverage group Badil entered into 1862 transactions to get 100 % of the shares in local wine and cheese and the manufacture of olive oil, Agolaguna and Winary Vinarija Novigrad from Fortenova Group.

The financial details of the treatment have not been revealed.

In a statement, Fortnova said that obtaining Agolaguna ownership “BADEL 1862) will reinforce the leadership leadership in the production of quality wine in the Croatian market.”

Zagreb food works added that the treatment is the next step in the work strategy to develop and expand its operations in the excellent alcohol department.

“BADEL 1862 is the leading Croatian company in the production of lives and wine, and for this reason the acquisition of Agolaguna is a logical step in achieving our development plans and a strong incentive to strengthen additional local production,” said Darko Knez, Chairman of the BADEL 1862.

“After recognizing the valuable achievements of Agolaguna in the past, the high quality of its products as well as the knowledge and commitment of its employees, we believe that together we can open a new chapter in the development of both companies.”

BADEL 1862 already owns chrome farms and excellent wine marks in the country Dalmatia in the country and in Croatia Continental.

Fortnova said, the step makes Padil the only company in Croatia “with a wallet covering all major wine areas.”

She said the deal also strengthens the market’s business position, and adds new opportunities to develop wine production. After the deal, Badil will be “the largest producer of wine grape varieties (in Croatia) with a total of 800 hectares of chrome farms and increases the sizes of wine production from 2.5 meters to 6.5 meters.”

Fortnova said that the transition to Agolaguna stripping was part of its strategy to focus on retail and food processing. He added that the sub -company is working in “agricultural activities”, which Fortnova no longer has relationships, after selling the agricultural section to Podravka Last July.

Commenting on the latest deal with Badel, Fabrice Perucco, CEO of Fortnova, said: “Badel 1862 is a partner, due to his experience in industry, he can secure further development in Agolaguna, strengthening its positions in the market and its values ​​and maintaining jobs.”

“Agolaguna comes with a strong set of brands that maintain heritage and traditions of Estian, and its global quality has been recognized by many international and local awards. We believe that this deal will provide the development of new products that you will encourage in addition to Croatian brands on the global scene.”