Serbia’s leading dairy producer Imlek will soon have new owners, as entrepreneur Andrej Jovanović and the company’s current CEO Bojan Radun signed an agreement to jointly acquire the firm from private-equity fund MidEuropa, the company announced on Thursday. The deal positions a domestic investment group, AJFH, as the lead buyer.
Imlek, headquartered in Padinska Skela in Belgrade, operates modern dairy facilities in North Macedonia and Bosnia and Herzegovina, sourcing milk from more than 3,500 farmers and processing nearly 400 million liters of raw milk annually.
The new owners say the company has “enormous potential” for further expansion through continuous investment, operational excellence, and innovation.
The transaction is expected to be completed in the first quarter of 2026, pending regulatory approvals. Jovanović, known as co-founder of snack producer Marbo Product and former co-owner of Moji Brendovi, and Radun, who has led Imlek since 2018 and sits on the supervisory board of Poland’s Hortex, are set to steer the dairy giant into a new strategic phase for the regional food industry.
