GymBeam is acquiring German food manufacturer Kaja Food

Online fitness clothing and food retailer GymBeam (Dalibor Cicman) is acquiring German food manufacturer Kaja Food and plans to increase its production capacity by nearly half. Kaja Food has long produced food and nutritional supplements for GymBeam, which also operates a plant in Košice. Expanding its own manufacturing base will support further growth in Western Europe. With the same goal, the company is moving its headquarters from Košice to Vienna and recently opened a logistics center in Milan. Within five years, it plans to build a major logistics hub near the Kaja Food plant in Düsseldorf.

GymBeam expects €224m in sales this year, reflecting average annual growth of 38% since 2022.

(openiazoch.sk)