Subscribe & Stay Informed

Subscribe today for free and stay on top of latest news in food industry

    Close Menu
    Food Infotech
      Facebook YouTube LinkedIn
      Food Infotech
      • Home
      • Processing
      • Packaging
      • Logistics
      • Safety
      • Articles
      • Events
      • Jobs
      • More
        • E-Mag
        • Subscription
        • Newsletter
      Facebook YouTube LinkedIn WhatsApp
      Food Infotech
      Home»News

      Court approves Impala Farms to invest and take-up Creta Farms

      Shashank GauravBy Shashank GauravSeptember 8, 20202 Mins Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      Merger of indebted Greek Cold Cuts producer Creta Farms has been credited to the Dutch-Bulgarian investor Impala Farms by a local court. Impala farms already own manufacturing units in Bulgaria.

      Court of First instance, Cretan City-Rethymno has approved the re-structuring plan filed by the Impala Farms. Previously it also got “Go-to Green Flag” from the Green Bank with debt deposit of 64%. Impala Farms will also look after the company’s debt and will be fulfilling the repayment of EURO58.5m of company’s total debt of EURO 162.9 m.

      Dimitri’s Vintzileos who is Greek National Stakeholder and Shareholder in Impala group stated in a media report ” we are very satisfied with final acceptance of the investment request by the competent court. Our goal is that Creta Farms become world leader in the near future. Impala group is dedicated to offer high quality and innovative products to its customers”.

      Impala already look after 9 farms in Bulgaria that produces pastries,meat products and oils.

      Accordingly the business plan proposed by Impala investment group the profit-making steps will boost the company with gain of EURO 64m in the first financial year and EUR165m in 11th Financial year.

      Creta Farms has well sprawling manufacturing units at City of Rethymno, north crete and Krioneri,North of Athens. It also owns storage units at Cretan capital, Herakion, Patras and north Greece.

      Company’s sales market sprawl is in many countries including US,UK, Cyprus, Australia and Greece itself.

      Creta Farms Impala Farms Investment Takeover
      Share. Facebook Twitter LinkedIn WhatsApp
      Shashank Gaurav

      More article from Shashank Gaurav

      Keep Reading

      JENI’S Launches Ice Cream Bars Nationwide

      NutriFusion Honored as Bronze Stevie Award Winner in 2025 American Business Awards

      Seasoned Industry Executive Jim Henderson Joins Vertical Cold Storage as Chief Commercial Officer

      Leave A Reply Cancel Reply

      PROCESSING

      GEA Launches New High-Speed Bake Extruder

      June 16, 2025

      Steakholder Foods Sign MoU, Binding Investment and Convertible Loan Agreements to acquire Twine Solutions Ltd.

      June 16, 2025

      Alfa Laval Powers Singapore’s Food Revolution with Cutting-Edge Fermentation Tech

      June 16, 2025

      Laird Superfood Launches Protein Instant Latte, Packed with Plant-Based Protein

      June 13, 2025

      PACKAGING

      Mondi Launches Recycle PaperPlus Bag

      Mondi, a global leader in sustainable packaging and paper, launches its re/cycle PaperPlus Bag Advanced,…

      GEA Launches New High-Speed Bake Extruder

      The new GEA Bake Extruder has been developed to address a range of industrial baking…

      RESPAWN by Razer Signs Partnership With Mars

      Razer, the world’s leading lifestyle brand for gamers, and Mars, the global leader in snacking,…

      © 2025 FOODINFOTECH.COM.
      • Home
      • About Us
      • Terms of Service
      • Privacy Policy
      • Contact Us

      Type above and press Enter to search. Press Esc to cancel.