From May, 2019 Chumak company is owned by Delta Wilmar - the Ukraine affiliate of Wilmar International Ltd Singapore, one of Asia’s leading agribusiness group.
KYIV, 27 May 2019 - Dragon Capital announced the sale of its entire stake in Chumak, Ukraine’s leading producer of branded food products, to Delta Wilmar – the Ukraine affiliate of Wilmar International Ltd Singapore, one of Asia’s leading agribusiness group.
Tomas Fiala, CEO of Dragon Capital, said: “We are happy to announce a successful exit from our investment in Chumak. It has been a pleasure to support such a great business and management team over the last 10 years.”
“Chumak is one of the most valuable consumer brands in Ukraine. It has outstanding people, state-of-the-art production and processes, and we are very pleased to have contributed to it,” added Andriy Nosok, Managing Director, Private Equity at Dragon Capital.
Konstantin Shevchenko, CEO of Chumak, said: “I would like to thank Dragon Capital for its leadership and support while being our shareholder. We capitalized greatly on Dragon Capital’s expertise, managed to build and reinforce our leading market positions and expand the horizons for our business. We welcome the new investor and are enthusiastic about becoming part of Wilmar group of companies, as this comes with new global opportunities for Chumak.”
Yuriy Golianych, General Director of Delta Wilmar
said: “Chumak is the leading food manufacturer in the country with iconic brand
and access to every Ukrainian household. It perfectly fits our Group strategy
of further downstream integration into food processing with high added value.
We are happy to welcome Chumak team into Delta Wilmar family.”