The head of Caroli Foods Group, a company created in the wake ofthe merger between Caroli and Tabco-Campofrio charcuterieproducers, maintains he plans to boost sales by 80m euros in thenext three years and drive the company's market share up by4%.
"In the wake of the deal, we expect turnover to rise from 120meuros gross at present to 200m euros in the next three years andthe market share to expand from 16% to 20%, only through organicgrowth. We believe that joint forces will improve EBITDA, but myambition is to get EBITDA of above 10%," says Haluk Akdemir, CaroliFoods Group CEO.
By sealing the joint-venture, Caroli representatives are nottargeting only domestic development, but also plan to tap into newmarkets in the region.
The group now has over 8,000 outlets, two production facilities,over 400 products in the portfolio and more than 150 saleagents.
"Now, the restructuring process is divided into smaller projects tobe finalised in 12 to 18 months. The main goals are fewer products,plant specialisation, the alignment of logistics andinfrastructure".
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