Maspex to acquire Rio Bucovina

Leading Polish food processing group Maspex has signed a preliminary deal to purchase Romania's second largest mineral water producer Rio Bucovina, ISBnews reported. Maspex will acquire three production plants located in Vatra Dornei, Timisoara, Giurgiu as well as the Bukovina brand. The transaction has to be approved by the Romanian anti-monopoly watchdog. Rio Bucovina's share in the domestic market amounts to 10 percent. Grupa Maspex has been present in Romania for nearly ten years. Since 2007 it has taken over three Romanian brands in the pasta and savory snacks sectors.