August 31, 2014 8:01 AM ET

Food Products

Company Overview of Agros-Nova Sp. z o.o.

Company Overview

Agros-Nova Sp. z o.o. processes, manufactures, and distributes fruits and vegetables in Poland. The company’s products include juices, carrot and fruit juices, vegetable juices, jams, fruit syrups, preserves, plum confections, cranberry and huckleberry preserves, ready-made sauces and soups, tomato concentrates, pickles, canned vegetables, nectars and non-carbonated drinks, and ready-made meat and vegetable dishes. It sells its products through commercial chains, wholesalers, retailers, the HoReCa channel, and petrol stations in Poland and internationally. Agros-Nova Sp. z o.o. was formerly known as Agros Fortuna Sp. z o.o. and changed its name to Agros-Nova Sp. z o.o. in December 2003. The ...

al. Stanów Zjednoczonych 61 a

Warsaw,  04-028

Poland

Founded in 2000

Phone:

48 22 717 1700

Fax:

48 22 717 1800

Key Executives for Agros-Nova Sp. z o.o.

President of Management Board and Chief Executive Officer
Vice President of Supervisory Board and President
Financial Director
Operating Director and Member of Management Board
Director of Human Resources
Compensation as of Fiscal Year 2014.

Agros-Nova Sp. z o.o. Key Developments

Agros-Nova to Close its Factory in Wloclawek

Agros-Nova will close its factory in Wloclawek as the attempt to find a buyer failed. Agros-Nova's factory was put up for sale in April of 2012 and the process was scheduled for completion in December of that year. Eventually, in the last week of May 2013 Agros-Nova decided to liquidate the factory. This means group layoffs for the factory's 121 employees, a process that will take till the end of August. The company will now focus on processing vegetables in Lowicz.

Agros Nowa Mulling Acquisitions

Agros Nova Sp. Z.o.o. is focusing on organic growth, however, it doesn't rule out acquisitions. In an interview for portalspozywczy.pl Marek Sypek, President of Agros Nova said that now is certainly a good time for acquisitions. On the other hand, he remarked, there are only few companies left on the market that are actually good targets. In terms of acquisitions, Agros Nova is taking into consideration companies from the whole food sector, apart from products from other channels of distribution, such as frozen food. Agros Nova is potentially interested in companies which have brands that guarantee return on investment. Marek Sypek remarked that, at least in theory, pasta market could be a natural addition to the company's portfolio of products. Thus, pasta is one of market categories that Agros Nova is looking into. Marek Sypek said that currently, his company is working on a few big transactions, but it is hard to estimate when they will be concluded.

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