Ahold Delhaize announced the completion of its acquisition of Romanian grocery retailer Profi Rom Food SRL (Profi) from MidEuropa for a consideration of approximately €1.3 billion Enterprise Value. 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.
Frans Muller, President and CEO of Ahold Delhaize: "It is truly a significant moment to welcome a new brand into our family of brands. We are excited to have completed this transaction, marking a considerable step up in our presence in the region. The acquisition of Profi reinforces our commitment to providing customers in Romania with a broad and diverse range of high-quality products and services."
Claude Sarrailh, CEO Ahold Delhaize Europe & Indonesia: "I would like to extend the warmest welcome to the entire Profi team, in stores, offices, transportation and distribution centers, as well as its suppliers. Profi is a brand with a strong prospect for growth, offering a unique proposition to customers in Romania, with its vast network of stores and local assortment. I am very proud to add another strong brand to our European family of brands, further solidifying our position in Central and Southeastern Europe."
Profi CEO Gaetan Pacton: "Consumers in Romania appreciate the network of stores, the quality of the product range, and the shopping experience we provide. This is not by chance, it is the outcome of inspired and hard work, as well as the vision of the entire Profi team. They deserve our appreciation since this has enabled us to achieve a top position in Romanian retail."
Mircea Moga, Brand President Mega Image: "Mega Image is very excited that it now has a Romanian sister company under the umbrella of Ahold Delhaize. The combination of our two brands will complement and expand Ahold Delhaize's existing Romanian footprint and allow us to better serve the consumers in Romania. We are excited about the opportunities this partnership brings, through our combined cultures, expertise, and resources. This alignment will allow us to serve our customers more efficiently, support our teams in their professional growth, and foster sustainable business practices within our communities."
About the transaction
Profi is a traditional grocery retailer in Romania, operating around 1,700 supermarkets and convenience stores. It is known for its assortment and value for customers. In the twelve months ending June 2024, the company generated €2.7 billion in net sales. The combination will complement and expand Ahold Delhaize's existing Romanian footprint to better serve customers in both urban and rural areas.
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For more information:
Ahold Delhaize
Tel: +31 88 659 9211
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www.aholddelhaize.com