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.