Profi 1700 stores now on the hands of Ahold in Romania
PE
Ahold Delhaize group completed the acquisition of Profi Rom Food SRL, strengthening its presence on the Romanian market.
Ahold Delhaize confirmed the completion of the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from Mid-Europa for approximately EUR 1.3 billion. The acquisition doubles Ahold Delhaize's retail footprint in Romania, which currently operates nearly 1,000 stores under the Mega Image brand. The complementary strengths of Profi and Mega Image will enhance their ability to serve customers in both urban and rural areas, drive growth and offer more choice and value to customers in Romania.
Leadership position with Profi and Mega Image chains
Frans Muller, President and CEO of Ahold Delhaize: "It is truly a great moment to welcome a new brand to our family of brands. We are delighted to have finalized this transaction, marking a considerable step of our presence in the region. The acquisition of Profi reinforces our commitment to offer customers in Romania a wide and diversified range of high-quality products and services. We look forward to creating long-term value for our customers, colleagues and partners and other stakeholders."
About the transaction
Profi is a leading traditional food retailer in Romania, operating approximately 1,700 supermarkets and convenience stores. It is known for its strong assortment and value to customers. In the twelve months ended June 2024, the company generated net sales of EUR 2.7 billion. This combination will complement and expand the current Ahold Delhaize footprint in Romania to better serve customers in both urban and rural areas. The strong format fit and complementary propositions offered to customers by the Profi and Mega Image brands will generate synergies. Source: Ahold.
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