SORTIS Invest was the exclusive financial advisor to Mr. Joseph Maurice Jabra, a Bulgarian entrepreneur with Lebanese origin in the acquisition of Schreiber Foods Bulgaria.
The deal was completed on 30 June 2023 after the purchaser was granted permission by the Commission on Protection of Competition, the Bulgarian anti-trust regulator. Schreiber Foods Bulgaria will continue to operate autonomously and to be a reliable supplier of high-quality dairy products to some of the leading brands and to large retail chains. Its current products include fresh milk, Bulgarian traditional yoghurt, yoghurt drinks, yoghurt-based desserts and oral rehydration solutions.
This strategic acquisition positions Joseph Jabra’s venture as one of the biggest dairy groups in Bulgaria, boasting sales of ca. 100 million levs (50 million euros). The synergy between the newly acquired company and MJ Dairies will enable the group to strengthen its market presence and offer an extensive range of high-quality dairy products to Bulgarian consumers and international markets.
The purchaser has an ambitious investment program for the next several years, planning to install 4 new production lines, increasing production capacity by more than 50% and launching own brands as an addition to the current private label and contract manufacturing business of Schreiber Foods Bulgaria.
