2 minute read
Nestlé Romania acquires health supplements and vitamins provider Solgar
from BR/04/2023
By Deniza Cristian
Nestlé Romania has acquired Solgar, a business operating in the highly attractive and growing nutrition and supplement category, to sell its products directly on the Romanian market. The local transaction follows the August 2021 completion of Nestlé’s acquisition of the core brands of the Bountiful Company, including Nature’s Bounty, Solgar, Osteo Bi-Flex,
Advertisement
Puritan’s Pride, Ester-C, and Sundown. This transfer includes a group of highly specialised professionals to secure business continuity. Both the Solgar brand and its human resources will be integrated into the Nestlé Romania organisation, becoming a part of the Nestlé Health Science division. Solgar is a global leader on the nutritional supplements market. “This acquisition is an exciting step that helps bring our purpose to life: to unlock the power of food to enhance quality of life for everyone, today and for generations to come. The acquisition of the Solgar business contributes to growth opportunities for Nestlé Romania on the highly attractive market of supplements, vitamins, and minerals and presents a great opportunity for Nestlé Health Science to increase its presence on the Romanian market. This includes a dedicated team, who has the expertise to operate successfully in a specialised industry, and the pharmacy distribution channel,” says Alessandro Zanelli, Nestlé Market Head for the Southern and Eastern Europe Market. With the integration of the Solgar supplements in its portfolio, Nestlé Romania will gain substantial leverage on the health supplements and vitamins market and address more consumers with its nutrition products.
Irina Pencea is the new General Manager of eMAG Romania. Irina has an academic background in marketing and started her communications career 24 years ago. Since then, as an entrepreneur, she has set up some of Romania’s most successful independent advertising agencies and helped build several successful brands in industries such as banking, e-commerce, telecom, retail, and energy. open this spring in Iasi in the vicinity of the Palas mixed-use complex. It will accommodate 13 multinational IT & automotive companies, as well as retail premises and various everyday services for the area’s employees and residents.
Iasi is the tenth city included in MedCity’s expansion, and the company is planning to develop further projects in Bucharest, Timisoara, Cluj-Napoca, Brasov, and Craiova in the coming period.
Stephane Batoux has been appointed Global CEO of ETi Group. The newly created role within the company reinforces the Turkish group’s strategic vision of expansion on the international market. Prior to his new role, Stephane Batoux led ETi’s operations in Romania, Poland, and the Balkans. He joined the ETi team six years ago, bringing extensive managerial expertise.
Helian Redai has taken over as the new CEO of Porsche Finance Group Romania. The appointment comes after a 20-year career in the company, Redai having joined Porsche Finance Group in 2003 as Area Sales Manager. After four years, he became the Head of Sales and Marketing, a position he successfully held until the beginning of 2022, when he was appointed Chief Sales Officer.