Following the receipt of all required regulatory approvals to complete the transaction, PRESTIGE is now officially part of Valeo Foods Group.
Today marks Day 1 of a new chapter in our company’s journey and the beginning of our future as part of one of Europe’s leading manufacturers of sweet treats and snacks.
Commenting on the successful completion of the transaction, Stepan Karpukhin, Managing Director of The Rohatyn Group, said:
„PRESTIGE has achieved an impressive journey over the past three decades. We are proud of everything the company has accomplished, of the people behind its success, and of the trust it has earned from consumers. We are confident that, in Valeo Foods Group, PRESTIGE has found a strong strategic partner that will help unlock even greater potential in the years ahead.“
Ronald Kers, CEO of Valeo Foods Group, commented:
„We are pleased to welcome Prestige to Valeo Foods Group. The business has built an outstanding portfolio of local brands, and this acquisition strengthens our position in Eastern Europe while creating new opportunities for growth across our wider business. Prestige has a strong heritage, talented people and brands that consumers know and love. By bringing our businesses together, we can expand the reach of those brands, strengthen our relationships with retail partners and continue investing in innovation and quality. We look forward to working with the Prestige team and building on the success in the years ahead.”
Over the past 30 years, PRESTIGE has built strong and beloved brands, earned the trust of millions of consumers, and established itself as the leader in the Bulgarian market. Today, that story continues with new opportunities for growth and international expansion
As part of Valeo Foods Group, we will have the opportunity to build on our achievements, exchange knowledge and expertise with teams across Europe, and further strengthen our brands and business.
We would like to thank all our colleagues, partners, and consumers who have contributed to PRESTIGE’s success.
