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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Major Romanian poultry producer Aaylex takes over rival from Brazilian multinational

Romanian poultry producer Aaylex, which operates under the CocoRico brand, completed the acquisition of the local operations of Turkish group Banvit, part of the Brazilian group BRF - the third-biggest poultry producer in the world.

The value of the deal was EUR 20.3 mln, according to local law firm Tuca Zbarcea & Asociatii, which assisted BRF in the sale, Profit.ro reported.

The local subsidiary of Banvit Foods, which was the subject of the takeover, had an annual turnover of EUR 34.4 mln, EUR 2.34 mln net profit, and employed 153 in 2019. On the market since 2004, Banvit Foods (RO) is also involved in animal feed and egg production activities.

The Aaylex Group is controlled by Romanian businessman Bogdan Stanca and has in its portfolio Avicola Buzau, Aaylex Prod, and Aaylex Distribution, as well as the CocoRico brand.

Aaylex has 24 farms in Buzau, Braila, Calarasi, Galati, Giurgiu and Prahova. In addition, the company has two incubation stations, two adult breeding farms, and two youth breeding farms.

In 2020, the consolidated turnover of the AAylex group was RON 651 mln (EUR 137 mln), and the company employed over 2,000.

In 2018, the Aaylex group attracted EUR 25 mln financing through a corporate bond issue, subscribed by Credit Value Investments, an investment fund registered in Poland.

andrei@romania-insider.com

(Photo source: Picsfive/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Major Romanian poultry producer Aaylex takes over rival from Brazilian multinational

Romanian poultry producer Aaylex, which operates under the CocoRico brand, completed the acquisition of the local operations of Turkish group Banvit, part of the Brazilian group BRF - the third-biggest poultry producer in the world.

The value of the deal was EUR 20.3 mln, according to local law firm Tuca Zbarcea & Asociatii, which assisted BRF in the sale, Profit.ro reported.

The local subsidiary of Banvit Foods, which was the subject of the takeover, had an annual turnover of EUR 34.4 mln, EUR 2.34 mln net profit, and employed 153 in 2019. On the market since 2004, Banvit Foods (RO) is also involved in animal feed and egg production activities.

The Aaylex Group is controlled by Romanian businessman Bogdan Stanca and has in its portfolio Avicola Buzau, Aaylex Prod, and Aaylex Distribution, as well as the CocoRico brand.

Aaylex has 24 farms in Buzau, Braila, Calarasi, Galati, Giurgiu and Prahova. In addition, the company has two incubation stations, two adult breeding farms, and two youth breeding farms.

In 2020, the consolidated turnover of the AAylex group was RON 651 mln (EUR 137 mln), and the company employed over 2,000.

In 2018, the Aaylex group attracted EUR 25 mln financing through a corporate bond issue, subscribed by Credit Value Investments, an investment fund registered in Poland.

andrei@romania-insider.com

(Photo source: Picsfive/Dreamstime.com)

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