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International Internet Magazine. Baltic States news & analytics Monday, 21.01.2019, 14:29

Viciunu Grupe buys distribution company in France

BC, Vilnius, 11.01.2018.Print version
Viciunu Grupe (Viciunai Group), a Lithuanian company controlled by Kaunas Mayor Visvaldas Matijosaitis, has purchased a French food product distributor, CSF France, for an unspecified sum, reports LETA/BNS.

"According to our calculations, the move should help pull up Viciunu Grupe's sales in the wealthy country of 65 million consumers and deep traditions of fish and seafood by over 50% in the next few years," Sarunas Matijosaitis, CEO of the group, said in a press release.

In his words, CSF France currently occupies around 10 -15% of France's surimi market, however, Viciunu Grupe intends to broaden the portfolio of products sold via the company to include salmon, herring, fish fingers, ravioli, etc.

Mindaugas Snicorius, communication chief at Viciunu Grupe, told BNS that the shares of CSF France had been purchased from five French citizens and a commercial bank.

In operation for 17 years, CSF France has become Viciunu Grupe's 19th distribution company abroad.

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