Galinta, managed by INVL Baltic Sea Growth Fund, has signed an agreement to acquire 100% of Polish grain producer Cenos, alongside completing another acquisition of Lithuanian company Ekofrisa, aimed at accelerating growth and expanding market presence in the region.

Target Information

Galinta, managed by the INVL Baltic Sea Growth Fund, has entered into an agreement to acquire 100% of the shares of Cenos, a leading manufacturer and distributor of salt, rice, and other grains in Poland. With Cenos being one of the largest producers and distributors of grains in Poland, this acquisition underscores Galinta's ambitions to expand its market presence abroad. Furthermore, Galinta has also completed the acquisition of Ekofrisa, a Lithuanian company specializing in the production of buckwheat grains and related products.

Founded over 30 years ago, Cenos has established itself as a significant player in the Polish market, generating 98% of its annual revenues from local sales. Over the past three years, the average annual revenue for Cenos has been approximately €37 million, and the company employs around 150 individuals. Cenos's product portfolio includes rice, grains, peas, beans, and cereals, and the company’s brands are recognized as market leaders in their respective categories within Poland.

Industry Overview in Poland

The grains and cereals sector in Poland has seen remarkable growth, spurred by rising consumer demand for health-conscious food options. Over recent years, the sector has become increasingly competitive, requirin