Croatia's Dukat Moves for Macedonian Cheese Maker Ideal Sipka

Croatia's leading dairy producer Dukat, part of Lactalis, is close to acquiring Macedonian cheese producer Ideal Sipka for an undisclosed sum.

According to reports in Croatia’s press, the deal, which is in line with the company’s strategy of focussing on southeast Europe, will be subject to approval of the Macedonian Competition authorities.

Established in 1997, Ideal Sipka processes about 30 million litres of milk per year.

Last month, FLEXNEWS reported that Dukat invested 2 million euro to the boost production capacity of a Bosnian company it recently acquired - Inmer.

Dukat, which changed its name from Lura, posted sales of 2.2 billion kuna in 2006, roughly unchanged from 2005.