Cremio

Cremio is the leading manufacturer of vegetable and dairy cream and milk products in South and Eastern Europe, exporting to over 20 countries. The company is a clear leader in the cream segment in Bulgaria and the only producer of non-dairy cream and creamers in the country.

Investment in August 2015 to support expansion in existing and new markets.

In December 2017, Empower Capital completed a successful exit from this investment. Over the term of the fund’s investment and the engagement at Board of Directors’ level, Cremio managed to increase sales by 12% in 2016 and by further 25% in 2017. The Company expanded its product portfolio, improved formulations, entered new markets and is currently exporting diverse products and in larger volumes to more than 20 countries.

This publication has been produced with the assistance of Operational Programme „Development of the competitiveness of the Bulgarian economy” 2007-2013, co-financed by the European Union through the European Regional Development Fund. The contents of this publication are the sole responsibility of EMPOWER Capital Fund Coöperatief U.A. and can in no way be taken to reflect the position of the European Union