The Bulgarian arm of convenience food group Univeg is constructing a warehouse and distribution centre for fresh and frozen products in the Eastern European country.
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The EUR5m (US$7.5m) facilities will be ready to move into by the middle of next year, Univeg Bulgaria told just-food today (16 November).
“The warehouse is going to be used as a facility for fresh and frozen goods,” a spokesperson said.
“We have been active here for a number of years in Bulgaria using rented facilities and basically the business growth and the requirements of the customers have been pushing us into a larger facility in order to be able to answer their requirements in terms of growing volumes,” he added.
In September, there were reports Univeg might go public in two years, although the company remained tight-lipped.
Reports circulating in the Belgian media suggested the listing is linked to the release of funds from global private equity company CVC Capital Partners, although this has not been confirmed. CVC Capital Partners owns part of Univeg.
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