Romanian Ready-meals Maker Cris-tim Prepares Ipo

2 days ago

Cris-Tim is 99.97% owned by Rangeglow, a Cyprus-based holding institution group up by founders Radu and Cristina Timis.

Romanian nutrient business Cris-Tim plans to motorboat an first nationalist offering (IPO) connected nan Bucharest Stock Exchange.

The company, which produces acold trim meats and fresh meals, said successful a connection yesterday (29 September) that nan connection will comprise a waste of shares by nan mostly shareholder alongside recently issued stock.

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Full position will beryllium disclosed successful a prospectus erstwhile approved by nan Romanian Financial Supervisory Authority, nan group added.

Cris-Tim is 99.97% owned by Rangeglow, a Cyprus-based holding institution group up by founders Radu and Cristina Timis.

Radu Timis, who is CEO, said: “We are marketplace leaders successful nan acold cuts and ready-meals conception and person eager maturation plans for nan coming years. Our acquisition complete nan past fewer decades has paved nan measurement for wherever we are today.”

The institution said it is targeting integrated description and acquisitions successful acold cuts and fresh meals, backed by an finance programme of 890m lei ($205.4m) from 2025 to 2030.

“Part of this finance scheme is focused connected processing existing accumulation capacities, a programme partially financed by nan nationalist programme for revitalising nan agri-food industry,” nan connection read.

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In 2024, nan group reported gross of 1.12bn lei, EBITDA of 167m lei and nett profit of 88m lei.

Cold cuts accounted for 86% of gross successful 2024 and fresh meals 9.4%.

Founded successful 1992, Cris-Tim operates 3 factories successful Filipestii de Padure, Măgureni and Bucharest, pinch a mixed regular capacity of 215t.

Its flagship works successful Filipeștii de Pădure spans 50,000 quadrate metres and manufactures acold cuts for nan halfway Cris-Tim and Matache Măcelaru’ brands, on pinch meat-based fresh meals.

The 6,000-square-metre Măgureni installation supplys nan company’s economy-range Alpinia acold cuts and private-label assortments.

In Bucharest, nan 2,200-square-metre works produces fresh meals specified arsenic soups, stews and salads.

Cris-Tim’s products are stocked by unit chains specified arsenic Kaufland, Lidl, and Carrefour, and are disposable successful much than 15,000 accepted shops.

The institution besides operates 18 proprietary stores and ships to 17 countries crossed Europe.

It said each exports travel from nan Cris-Tim Family Holding portfolio and relationship for astir 12–14% of yearly revenue.

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