Sandberg Capital Enters the B2B Food Sector
27. 07. 2023
Bratislava, July 26, 2023 – the Slovak private equity company Sandberg Capital is expanding its portfolio. On Thursday June 1st, 2023, it signed the acquisition of KON – RAD. Following the approval of the acquisition by the Antimonopoly Office, KON – RAD will continue to develop its wholesale activities. Three retail stores will become part the portfolio of TERNO real estate, the company also belonging to Sandberg Capital’s portfolio.
“Pavol Konštiak is one of the most distinguished businessmen when it comes to grocery wholesale in Slovakia. His company Kon-Rad is one of the leaders in wholesale trade in Western Slovakia. With its B2B focus, it complements Terno’s business and I firmly believe that we can successfully build on the years of work of Mr. Konštiak and his family,” said Martin Fedor, Founder and Managing Partner of Sandberg Capital.
Under the guidance of Sandberg Capital, KON – RAD will focus even more on the B2B segment. KON – RAD has built a strong position in the area of the food supply for restaurants and similar establishments. Now it will also aim to strengthen its foothold in the supply of the independent retail market segment.
The three current retail stores shall, following the Antimonopoly Office´s approval, become part of TERNO real estate, that operates the Terno and KRAJ supermarket chains. “After a successful transition of these stores under the brand TERNO, we will exceed the milestone of 160 KRAJ and Terno stores in western and central Slovakia. Our expansion continues at a good pace,” added Stanislav Čajka, CEO of TERNO real estate.
KON – RAD was founded in 1990 and was one of the first companies to specialize in food products. It gradually expanded its product portfolio to include non-food products, including office paper, batteries, and tobacco products. Its main activity is wholesale. It distributes more than 7 thousand products all over Slovakia and employs almost 200 people.
ABOUT SANDBERG CAPITAL
Sandberg Capital is a Slovak private equity firm established in 2014. It focuses on investing in small and mid-sized enterprises in Slovakia and the CEE region. Sandberg Capital manages assets in excess of 340 million EUR, focusing on investments in the sectors of IT, telecommunications, agriculture, education, and retail.
KON – RAD spol. s. r. o. was established in 1990 as one of the first companies focused on wholesale food business. It has gradually expanded its product portfolio and currently offers around 7,000 items of food and non-food nature. Every day, it supplies approximately 1,000 customers throughout Slovakia. The company’s warehouse and sales premises cover an area of 15,000 m².