Boratial Invests in New Complex Logistics Center... Enters F&B Business Sector

[Asia Economy Reporter Minji Lee] Boratial Co., Ltd., an Italian food ingredient distribution company, announced on the 16th that it has acquired a factory located in Anseong, Gyeonggi Province, and plans to build a new integrated logistics center.

The acquired site covers approximately 6,500 pyeong, with an acquisition cost of 8.4 billion KRW. The company plans to invest about 47 billion KRW by 2023.

The two logistics centers currently operated by Boratial in Gwangju and Icheon, Gyeonggi Province, are expected to reach their storage capacity limits by 2024. Once the new integrated logistics center is completed, it will not only resolve storage capacity issues but also dramatically expand logistics capabilities for high value-added cold products, contributing to increased sales and operating profits.

Boratial holds an exclusive partnership with DE CECCO, the world's top global maker of pasta and olive oil, importing food ingredients from Europe's finest producers and supplying them to hotels, restaurants, and cafes.

Recently, due to increased income and the popularization of authentic Italian food along with the growth of the dining-out industry, Boratial has shown an annual sales increase of around 10 billion KRW. Last year, the company recorded sales exceeding 60 billion KRW for the first time since its establishment. The operating profit margin relative to sales also reached the highest level, recording over 10%.

A company representative stated, "As a distribution company, Boratial is focusing its capabilities on bold new business development through product diversification within a stable business structure to maximize synergy." In fact, last year, through its affiliate Wooyoon Partners, it invested approximately 140 billion KRW in Anhouse Co., Ltd., well known for 'Mega MGC Coffee.'

The representative added, "Boratial is aiming to transform its overall business structure into an F&B business model that combines franchise and distribution businesses," and explained, "As part of the business restructuring, we sold the headquarters building earlier this year, securing about 17 billion KRW in cash."

This content was produced with the assistance of AI translation services.