date:Jan 09, 2013
ration B.V. (TOC), a wholly-owned subsidiary of the Company and a division of the International Foods Group. The purchase price was EUR 3.2 million, inclusive of debt, and is subject to normal closing adjustments. Key personnel will remain with the operations and the former shareholders of OLC will be eligible for an earn-out over the next three years based on specified EBITDA targets. The acquisition was funded via existing credit facilities.
Silistra is located in north east Bulgaria, close