There is approval from the Romanian Competition Authority for the acquisition of DRIM Daniel Distributie FMCG S.R.L. by Żabka Group.

There is approval from the Romanian Competition Authority for the acquisition of DRIM Daniel Distributie FMCG S.R.L. by Żabka Group.

Żabka Group has received approval from the Romanian Competition Authority to acquire a majority stake in FMCG distribution leader DRIM Daniel Distributie in Romania. As a result of this decision, on February 29th, this year, Żabka Group met all regulatory requirements and finalised the transaction.

– We welcomed the news that the formal process of merging DRIM Daniel Distributie with the Żabka Group has been completed. This is another step towards the development of the convenience ecosystem in the European market and our further expansion. We hope that the strategic cooperation with DRIM will influence the further dynamic development of this company –says Tomasz Suchanski, CEO of Żabka Group.

DRIM Daniel Distributie is one of the largest distribution networks for FMCG products on the Romanian market, currently employing more than 800 people. Throughout its 30 years of activity, the company has created an extensive logistical structure, allowing it to supply around 12,000 traditional trade stores today.  The formal acquisition of a majority stake in DRIM Daniel Distributie enables the further accelerated growth of the company announced by Żabka Group, taking advantage of DRIM’s market position, local reputation, know-how in the convenience area and capital commitment.