Yesterday, Atlantic Grupa submitted a binding offer for the acquisition of Strauss Adriatic – a company operating in Serbia, known for its strong coffee brands in the Serbian market. The binding offer is based on the enterprise value of EUR 40.5m, assuming the normalized net working capital at transaction closing.

Atlantic Grupa submitted a binding offer for the acquisition of Strauss Adriatic, which is known for its strong coffee brands in the Serbian market – Doncafe and C kafa. This acquisition further strengthens Atlantic’s coffee presence in the region. Atlantic Grupa will be taking over the company’s production facility near Belgrade, along with its 220 employees.

The binding offer is based on the enterprise value of EUR 40.5m (cash-free and debt-free basis) and of course, assuming delivery of normalized net working capital at transaction closing. Further, according to Atlantic Grupa, intends to place considerable investments into its coffee business, further developing both production technology, the brands and its portfolio of products. The growth in both coffee and other segments is based both on organic and inorganic growth through acquisitions with the main goal of raising the regional brand’s competitive position.