Highlander acquires Sano Vita

Ramnicu Valcea Week reports that the GP bought a 70% stake in the company for more than $20m. The rest of the shares are owned by the Romanian shareholders who set up the company.

This is the second of Highlander's acquisitions in the Romanian market, after buying a 51% stake in Ares medical centres this year. The investor has been present in eastern Europe since 2008, according to Ramnicu Valcea Week.

Company
Founded in 1995 and headquartered in Pausesti-Maglasi, Sano Vita is a family-run business and one of the largest distributors of vegetarian food in Romania.

In 2018, it generated revenues of RON 71.9m and had a net profit of RON 7.8m, the highest figures since its inception, according to profit.ro. The company employs 240 staff.

People
Sano Vita – Cornel Soare (founder).

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