Cris-Tim Family Holding, one of the largest players in Romania’s food industry, is preparing to enter the Main Market of the Bucharest Stock Exchange. The initial public offering will target retail investors in Romania as well as institutional investors outside the United States, under Regulation S of the Securities Act.
The offering will include both existing shares owned by the majority shareholder, Rangeglow Limited, and new shares issued through a capital increase. Further details will be published in the Prospectus once approved by the Financial Supervisory Authority.
“Cris-Tim is part of the daily lives of millions of people, both in Romania and abroad. Throughout our 33 years of presence in the local economy, the company has consistently invested, innovated, and launched tasty, healthy products recognized by Romanians. More than that, the entire ecosystem created by Cris-Tim—from our team to production, sales, and distribution—is efficient, sustainable, and profitable.
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We have shown that we can handle complex economic situations over these more than 30 years of experience, while the company has grown together with Romania’s economy. We are market leaders in the cold cuts and ready-meals segments and have ambitious growth plans for the coming years. Our experience over the past decades has paved the way for this moment, namely the initiation of the public offering process for listing on the Bucharest Stock Exchange. We are confident in the company’s ability to achieve its development goals,” said Radu Timiș Jr., CEO of Cris-Tim.
“Cris-Tim has a business model built on operational efficiency and profitability. From the very beginning, we have been pioneers in the food industry, with innovation being part of our DNA. We launched the first industrial dry-cured products, the first nationwide ready-meals, we introduced packaging for sliced products, and opened up new market segments.
This vision and responsibility compel us to continue innovating and to create new segments that meet consumer needs while developing the entire industry. At present, we are market leaders in cold cuts and ready-meals, and we aim to further strengthen this position. We are where our customers are, and we constantly adapt both our production and distribution network according to consumer behavior. This has placed us in the leading position we hold today and continues to support us,” explained Răzvan Furtună, CFO of Cris-Tim.
Financial Results and Expansion
In 2024, the company reported total revenues of 1.12 billion lei, EBITDA of 167 million lei, and a net profit of 88 million lei. The cold cuts segment accounted for 86% of revenues (over 960 million lei), while ready-meals represented 9.4% (over 100 million lei).
Cris-Tim operates three main factories—in Filipeștii de Pădure, Măgureni, and Bucharest—along with nine cold storage warehouses and a fleet of more than 500 commercial vehicles. The company employs over 2,000 people, with products distributed across Romania and exported to 17 European countries.
Development Plan 2025–2030
Looking ahead, Cris-Tim has announced a capital investment plan of 890 million lei by 2030, focusing on expanding production capacities, implementing the national food industry revitalization program Investalim, and identifying new opportunities through mergers and acquisitions.
Through its listing on the Bucharest Stock Exchange, Cris-Tim aims to consolidate its leadership in the cold cuts and ready-meals markets while ensuring sustainable long-term growth.
Photo: globalmanager.ro
