Boromir left with three companies out of ten

2 sep 2010 Autor: Diana Tudor Stoica

The Boromir group in Râmnicu Vâlcea, leader of the Romanian bakery market, will be left with three companies out of ten following a shareholder decision to conclude several mergers by the end of this year. The companies that will form the new group as of next year are Boromir Prod Buzău, Boromir Ind Râmnicu Vâlcea, and Moara Cibin in Sibiu.
"We have been pondering these mergers for a long time, but we only made the decision this summer. Some of the companies in the group have similar operations so there is no point in keeping separate books. Merger is a normal process of consolidating and streamlining our business and a means of cutting administrative costs. This was the reasoning behind this strategy," said Constantin Boromiz, shareholder of the Boromir group.
He added that each of the three companies left in the wake of the merger process will have four divisions, a milling division, a fresh bakery division, one for products with long shelf lives (cakes, croissants, etc), and a division for specialised stores.