FIDEA acted as an exclusive financial advisor to OSHEE Polska Sp. z o.o. on the sale of Sonko Sp. z o.o. to strategic investor, Euricom S.p.A.

Sonko, established in 1989, is a leading branded producer of healthy snacks such as rice cakes, crispbread, and chocolate-coated products. Its product portfolio includes also a wide range of rice and groats. Sonko has a workforce of approximately 300 employees in its two manufacturing facilities.

As a result of this transaction, Euricom will become a more comprehensive healthy snacks player in the EU, complementing its existing production base in Italy.

Through our longstanding relationship with Sonko we have witnessed how the firm has developed the leading brand in the market through an attractive product offering centred around snacks. We welcome the Sonko team and look forward to continuing this effort further with the full support of the Euricom group. This synergistic transaction will help us achieve our target revenues of €1bn in the near term.

– said Bruno Sempio, Chairman of Euricom.

During the five years that Sonko was part of the OSHEE Group, we successfully accomplished most of our objectives. Even during the challenging period of COVID-19, Sonko and its key products demonstrated their resilience. OSHEE is now focusing on its core beverage business and is planning an acquisition in Western Europe to strengthen its position and drive expansion there.

– commented Dariusz Gałęzewski, Chairman of OSHEE..

The transaction is subject to customary regulatory approvals.