Țuca Zbârcea & Asociații acts on Smithfield Foods-Elit Cugir deal in Romania

Romanian independent law firm Țuca Zbârcea & Asociații acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc.

Smithfield Foods Inc is part of the world's largest pork supplier, WH Group Ltd, that seeks to expand its operations in Europe. Elit and Vericom operate three packaged meat facilities and five distribution centres. They have the combined resources to expand capacity to 45,000 metric tonnes of packaged meats a year, from around 25,000 metric tonnes now.

Țuca Zbârcea & Asociații has assisted the seller, with a team coordinated by Cornel Popa, Partner, alongside two other lawyers who played a significant role in the transaction.