Poland's Żabka Group has received approval from the Romanian National Authority for Consumer Protection (ANPC) to acquire a majority stake in DRIM Daniel Distributie.
The approval follows on from the announcement in late December that Żabka was set to acquire a controlling stake in the business, which one of the largest distribution networks for FMCG products on the Romanian market, currently employing more than 800 people.
Further Expansion
"We welcomed the news that the formal process of merging DRIM Daniel Distributie with the Żabka Group has been completed," commented Tomasz Suchanski, CEO of Żabka Group.
"This is another step towards the development of the convenience ecosystem in the European market and our further expansion. We hope that the strategic cooperation with DRIM will influence the further dynamic development of this company."
DRIM Daniel Distributie has been in operation for three decades, during which time it has developed an extensive logistics network, supplying around 12,000 traditional stores.
'Accelerated Growth'
The Żabka acquisition will enable the 'the further accelerated growth of the company', the Polish firm said in a statement, taking advantage of 'DRIM's market position, local reputation, know-how in the convenience area and capital commitment'.
In recent years, Żabka has evolved into a prominent European convenience retailer. Under the ownership of CVC Capital Partners, the company now operates more than 10,000 stores, offering door-to-door services, digital solutions, and serving approximately three million customers daily.
The Żabka group consists of three main branches: Żabka Polska, which oversees the core operations, Żabka Future, functioning as an incubator for innovative ventures, and Żabka Digital, focusing on digital convenience services.
