On Tuesday, June 15th 2010 a stock transfer agreement was signed between Andrea and Jiří Jízdný (owners of AG FOODS Group, Inc.) and the investment company AVALLON MBO FUND.
AG FOODS is entering a new phase, with the family-owned business transforming into a global company operating in the Central and Eastern European markets. After twenty years of continuous development and growth, it was advantageous for the company to secure sufficient capital resources to establish new distribution channels in the markets of post-Soviet countries, Ukraine and Russia, as well as to strengthen market position in Poland.
In purchasing AG FOODS, Avallon adds a successful production and distribution company for Central European markets to its portfolio. Avallon’s intent is to leverage the rich experience of the current management and the production and distribution capacities of AG FOODS to strengthen the position of all of the group’s food businesses throughout Central and Eastern Europe.
Košíkov, June 17th 2010
Copyright AG FOODS Group, a. s.
Košíkov 72, 595 01 Velká Bíteš
Czech republic EU
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