The juice division of sugar producer Agrana and that ofRaiffeisen Ware Austria, part of the Raiffeisen Group, withoperations in the financial sector, decided to mergeinternationally, in a move that includes Agrana's plant inVaslui.
"We expect the transaction, which is awaiting approval from theantitrust authorities, to be finalised in the first half ofAugust," Agrana representatives told ZF. The company operating onthe Romanian market will keep its name - Agrana Juice RomaniaVaslui.
The Austrians at Agrana Juice Holding own 12 production facilitiesinternationally, with the Romanian-located one exporting 90% of itsjuice concentrate production.
The company focuses on manufacturing apple juice concentrate, whichit delivers to other bottlers. Export destinations are countriessuch as Hungary and Germany. According to Trade Registry data,Agrana Juice Romania Vaslui posted 5.1 million lei (1.2 millioneuros) in turnover in 2009 and 0.3 million lei (0.07 million euros)in losses.
On the other hand, Raiffeisen Ware Austria, which operates on themarket of agricultural products, construction materials and DIYproducts, is involved in this merger through its Ybbstaler FruitAustria division.
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