Imlek a.d.

Imlek
Native name
 Имлек
Joint-stock company
Industry Branded food, Food and drink, Dairy produce
Founded 12 March 1991 (1991-03-12) (Current form)
1953 (1953) (Founded)
Headquarters Belgrade, Serbia
Area served
 Serbia
Bosnia and Herzegovina
Croatia
Montenegro
Republic of Macedonia
Key people
 Bojan Radun (Director)
Products butter, cheese, milk, yogurts
Revenue Increase €382.97 million (2017)[1]
Increase €48.13 million (2017)[1]
Total assets Increase €598.43 million (2017)[2]
Total equity Decrease €39.39 million (2017)[2]
Owner Mid Europa Partners
Number of employees
 2,274 (2017)
Subsidiaries Subsidiaries
Website www.imlek.rs/en

Imlek a.d. (full legal name: Akcionarsko društvo Industrija mleka i mlečnih proizvoda Imlek Padinska Skela; stylized as imlek) is a Serbian food company based in Belgrade. It is specialized in processing milk and produces dairy products.

The company was founded in 1953 and owns three factories in Serbia, one in Bosnia and Herzegovina, and one in the Republic of Macedonia.[3]

History

In 1953, a dairy plant was built at the farm „Lepušnica“ in Glogonjski Rit (rit means "swampy area") between Belgrade and Pančevo. That was the practical establishment of dairy industry Imlek. Around 800 cows gave daily between three and five thousand liters of milk which was sent to the Belgrade market. In 1957, UNICEF granted a line for pasteurizing and bottling 30.000 liters of milk per day. In 1963, the production already exceeded 21 million liters a year. The company was the largest dairy industry in SFR Yugoslavia.

Imlek's, with its Mlekara Subotica diary became the first Serbian manufacturer of fresh milk products to obtain permission to export to the European Union in 2010.[4]

In February 2015, the investment fund Mid Europa Partners bought "Danube Foods Group" (which at the time owned Imlek a.d. and several other notable Serbian food companies) for a sum of 575 million euros.[5] Later, Mlekara Subotica was merged into Imlek, thus way ceasing its operations; company's facilities in Subotica have since been used by Imlek.[6]

Ownership

In 2004 the Salford Investment Fund became the largest shareholder of Imlek.[7] Imlek operated as a subsidiary of Danube Foods Group B.V. till 2015. In April 2015, Mid Europa acquired Danube Foods Group BV and Clates Holding BV (together, "Danube Foods Group") - http://www.mideuropa.com/ from Salford Investment Fund. Salford Investment Fund at the time was beneficially owned by Inna Gudavadze and other members of the family of Badri Patarkatsishvili.

Subsidiaries

This is a list of subsidiary companies of Imlek:

  • Bambi Požarevac
  • Imlek Boka d.o.o. Kotor, Montenegro
  • Mljekara a.d. Laktaši, Bosnia and Herzegovina
  • Mlijekoprodukt d.o.o. Kozarska Dubica, Bosnia and Herzegovina
  • East Milk d.o.o. Sarajevo, Bosnia and Herzegovina
  • AD IMB Mlekara Bitola, Republic of Macedonia
  • Balkan Dairy Products BV, The Netherlands
  • Mljekara Sinj d.o.o. Zagreb, Croatia

References

  1. 1 2 "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2017) - Imlek a.d." apr.gov.rs (in Serbian). Retrieved 17 September 2018.
  2. 1 2 "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2017) - Imlek a.d." apr.gov.rs (in Serbian). Retrieved 17 September 2018.
  3. ↑ "Imlek regional dairy". Imlek. 2013. Archived from the original on 2013-09-16. Retrieved 2013-11-25.
  4. ↑ "Evropa prepoznaje kvalitet!" (in Serbian). Mlekara Subotica. 17 December 2010. Retrieved 23 July 2015. ¸
  5. ↑ "Objavljena cena: Danube Foods prodat za 575 miliona evra". n1info.com (in Serbian). 3 February 2015. Retrieved 2 February 2018.
  6. ↑ "Subotička mlekara dobila novog vlasnika". subotica.com (in Serbian). 3 February 2015. Retrieved 2 February 2018.
  7. ↑ "History of Imlek". Imlek. 2013. Archived from the original on 2013-12-02. Retrieved 2013-11-25.
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