Croatian Orbico acquires a controlling interest in one of the largest Ukrainian distributors of food and goods.

General Director of Sav Orbico, Andrii Makhovskyi, announced that Croatian company Orbico Group bought a controlling stake (51%) in one of the largest Ukrainian distributors of everyday goods, Savservice. The Savservice company has worked in Ukrainian distribution for 32 years. It is a national partner of the Pringles, Starbucks, and Procter&Gamble brands, whose products include Pampers, Gillette, Old Spice, Ariel, Tide, and Fairy. Sav Orbico owns over 50,000 square meters of warehouse space and cooperates with over 60,000 stores in Ukraine. The parties did not disclose the deal’s value.

The owner of Orbico Group, Branko Roglic, announced an investment in the Ukrainian company for about €50M. However, experts believe Sav Orbico’s controlling stake to be valued at $20-25M, provided no debt exists. Orbico Group operates in 20 European countries, works with more than 180 suppliers, and manages more than 500 global and local brands in Europe.