Chumak purchase deal meets Delta Wilmar's strategy in food industry development — Golyanich

The Ukrainian investment company Dragon Capital announced the sale of its entire stake in Chumak, a leading Ukrainian food producer, to Delta Wilmar CIS, the Ukrainian subsidiary of Wilmar International.

"Chumak is a leading foodstuffs producer in the country with an iconic brand and access to every Ukrainian family. This ideally corresponds to the strategy of our group, providing for further integration into the food industry with high added value. We are pleased to welcome the Chumak team in the Delta Wilmar family," commented Yuri Golyanich, Director General of Delta Wilmar CIS.

The Director General of Chumak, Konstantin Shevchenko, said that the company had managed to build and strengthen leading market positions and expand business horizons. According to him, the company expects this transaction to open up new global opportunities.

“We are pleased to announce a successful withdrawal from our investment in Chumak. We enjoyed much to support such a wonderful business and management team over the past 10 years,” commented Tomas Fiala, CEO of Dragon Capital.

As stated by Andriy Nosok, Managing Director for direct investment in Dragon Capital, Chumak is one of the most expensive consumer brands in Ukraine.

Previously reported that Delta Wilmar CIS would acquire Chumak from the investment company Dragon Capital.