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TZA and NNDKP Wrap Up Romanian Packaged Meat Manufacturer Deal

TZA and NNDKP Wrap Up Romanian Packaged Meat Manufacturer Deal

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Tuca Zbarcea & Asociatii has advised Elit Cugir on its sale of a 100% stake in two packaged meat manufacturers in Romania — Elit SRL and Vericom SRL — to the Smithfield Foods Inc unit of WH Group Ltd. Nestor Nestor Diculescu Kingston Petersen advised the buyers on the deal. Financial details were not disclosed, and the deals remain contingent on anti-monopoly approval from the relevant regulatory authorities.

Elit and Vericom operate three packaged meats manufacturing facilities and five distribution centers in Romania. They sell about 25,000 metric tons of packaged meats each year to 12,000 customers through a nationwide distribution network.

The TZA team was led by Partner Cornel Popa, supported primarily by Senior Associate Ruxandra Frangeti and Associate Oana Todeila.

The NNDKP team was coordinated by Senior Partner Adriana Gaspar and included Managing Associate Corina Dumitru.

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MPR Partners | Maravela, Popescu & Asociatii is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Asociatii covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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