The offering is set to include both a sale of existing shares by the majority shareholder and the issuance of new shares, targeting both retail investors in Romania and institutional investors outside the United States.
The company plans to apply for its shares to be admitted to the premium category of the BVB's Regulated Market following the successful completion of the offering.
Radu Timiş Jr, CEO of Cris-Tim, said: "We have demonstrated that we can manage complex economic situations in over 30 years of experience, and the company has grown alongside the Romanian economy. We are market leaders in the cold cuts and ready-meals segment and have ambitious growth plans for the coming years."
The decision to go public is part of Cris-Tim's strategic vision for growth and is supported by a significant medium-term investment plan. The company has allocated a capital investment plan of RON 890 million (€179.6 million) for the period between 2025 and 2030.
This investment will be used to develop existing production capacities and will be partially financed by the national program for revitalising the agri-food industry, Investalim.
In 2024, Cris-Tim reported total revenues of RON 1.12 billion (€226.2 million), with an EBITDA of RON 167 million (€33.7 million) and a net profit of RON 88 mn (€17.7 million).
The company's two main business segments are cold cuts, which accounted for 86% of revenue in 2024, and ready-meals, a fast-growing market that contributed 9.4% of revenue.
The company also operates three factories with a combined capacity of 215 tonnes per day.
The main factory covers a production area of 50,000 sqm and has a technological capacity of 165 tonnes of products per day.
Cris-Tim has over 2,000 employees, and its products are available in all 13 retail chains in Romania, as well as in over 15,000 traditional stores. The company also exports its products to 17 European countries.
BCR and BRD are acting as Joint Lead Managers in connection with the IPO. The launch of the offering depends on market conditions and the approval of the prospectus by the ASF, said the company in a statement.
