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Major Romanian cold cuts producer Cris-Tim, controlled by its founders Radu and Cristina Timiș, has announced plans to launch an initial public offering (IPO) and list its shares on the Bucharest Stock Exchange (BVB).
The transaction could take place as early as next month, with the company’s valuation estimated between €200mn and €250mn, according to Bursa daily, which revealed the plans last week.
The offering will consist of a package of existing shares, but the company also stated that it intends to issue new shares.
Banca Comercială Română and BRD – Groupe Société Générale are acting as joint lead managers for the offering.
Founded in 1992, Cris-Tim Family Holding is one of the largest meat processors and ready meal producers in Romania. It operates a national distribution network with its own fleet and sales force. Cris-Tim confirmed it intends to apply for admission of its shares to trading on the regulated market administered by the Bucharest Stock Exchange after the successful completion of the offering.
In 2024, the company produced and delivered more than 41,000 tonnes of finished products. That year, it registered total revenues of RON1.12bn (€224.3mn), with EBITDA of RON167mn and a net profit of RON88mn.
Cris-Tim operates three factories with a combined capacity of 215 tonnes per day. The main facility, located in Filipeștii de Pădure, covers 50,000 square metres and has a technological capacity of 165 tonnes per day. It exclusively produces cold cuts under the company’s main brands, Cris-Tim and Matache Măcelaru’, as well as meat-based ready meals.
The group employs over 2,000 people, about half of whom have been with the company for more than seven years. It also operates 18 proprietary stores and exports to 17 European countries. Exports, carried out entirely with products from the Cris-Tim Family Holding portfolio, represent 12-14% of the company’s annual sales.
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