Cris-Tim Family Holding, leader in the Romanian cold cuts and ready meal markets, 99.97% owned by Rangeglow Limited, controlled by founding entrepreneurs Radu and Cristina Timiș, announces its intention to launch an initial public offering (IPO) on the Bucharest Stock Exchange (BSE), aimed at retail investors in Romania, as well as institutional investors outside the United States.
The Offering will consist of a package of existing shares, as well as a share capital increase component (issuance of new shares). Detailed information regarding the Offering will be published in the Prospectus, after its approval by the Financial Supervisory Authority (ASF).
Cris-Tim intends to apply for admission of its shares to trading on the Regulated Market administered by the Bucharest Stock Exchange after the successful completion of the Offering.
In the context of the Company’s intention to float, Radu Timiș Jr., CEO of Cris-Tim, notes: “Cris-Tim is part of the daily lives of millions of people, both in Romania and abroad. Throughout its 33 years of presence in the local economy, the company has constantly invested, innovated, and launched tasty, healthy products that are recognized by Romanians. Moreover, the entire ecosystem created by Cris-Tim, from the team, production, sales, and distribution, is efficient, sustainable, and profitable. We have demonstrated that we can manage complex economic situations in over 30 years of experience, and the company has grown alongside the Romanian economy. We are market leaders in the cold cuts and ready-meals segment and have ambitious growth plans for the coming years. Our experience over the last few decades has paved the way for where we are today, namely the initiation of the public offering process for floating on the Bucharest Stock Exchange. We are confident in the company’s ability to fulfill its development plans.”
Offering Summary
- The Offering will include an offer to subscribe for newly issued ordinary Cris-Tim shares and the sale by the majority shareholder of existing ordinary shares in the Company’s share capital.
- The offering will be addressed to retail investors in Romania, as well as institutional investors outside the United States, based on Regulation S of the Securities Act.
- Cris-Tim intends to apply for admission of the shares to trading on the Regulated Market administered by the Bucharest Stock Exchange, in the Premium category.
- Banca Comercială Română S.A. and BRD – Groupe Societe Generale S.A. are acting as Joint Lead Managers in connection with the offering.
- The launch of the Offering depends on market conditions and the approval of the Prospectus by the ASF, the registration of the Company’s shares with the Romanian Central Depository, the registration of the capital increase with the National Trade Register Office, and the adoption of the necessary corporate approvals.
- Full details of the Offering will be included in the Prospectus, which will be published after its approval by the ASF.
Cris-Tim, key elements
- Cris-Tim Family Holding is one of largest meat processors and ready meals producers in Romania, with production capacities aligned to the highest international industry standards.
- The Company has a national distribution network, with its own fleet and sales force to optimally serve both key customers and traditional stores.
- Cris-Tim is one of the most well-known and solid brands in FMCG in Romania. Other well-known brands of the Company are Matache Măcelaru’, Bunătăți and Csárdás.
Cris-Tim is a Romanian entrepreneurial company founded in 1992, which in its 33 years of existence has grown both organically and through acquisitions, from a start-up to the leader in the cold cuts and ready-meals markets.
Cris-Tim is present in the retail market with the Cris-Tim, Matache Măcelaru’, Alpinia, Obrăjori, and Csárdás meat product brands, as well as the Bunătăți ready meals brand. At the same time, it is an emerging producer in the private label production segment for large international modern retail chains.
Cris-Tim’s flagship product is Salam Săsesc, launched under the Cris-Tim brand in 2002, which subsequently became the main catalyst for the company’s accelerated sales growth, accounting for 15.1% of turnover in the cold cuts segment in 2024.
