During the transaction that took place on September 18th 2018 JNG Investments acquired a majority stake in Shoppa.ee, but the online store will remain a separate company of the group. The size of the investment is not disclosed by the parties.
Both parties confirm that acquisition means faster and better delivery conditions for Shoppa OÜ customers and the opportunity to enjoy a wider choice of products at better prices. Delivery times for orders are also accelerating, and customer service is improving.
JNG Investments OÜ, which operates in the Baltics and Finland, has acquired a strategic 50% holding in NB Quality Group OÜ. JNG Investments has 7000 business clients in the Baltic States and Finland, whose main activities are wholesale of food, staple goods, lubricants and logistic services. The reason for the investment is the high growth potential of NB Quality Group, particularly the business potential of own trademark on international markets. After engaging a new investor, NB Quality Group intends to develop and innovate the NB Quality range of products even further and to increase its market share in Estonian, Baltic and Scandinavian care chemicals’ markets.
Jungent Foodservice has opened B2B web-store store.jungent.ee where english speaking business customers can order goods from brand marketer in Estonia.
Store.jungent.ee is meant to simplify Horeca sector customer ordering process by 24/7 access. Store has public opening page dedicated to special offers (discounts to new or close-to-expiring products. The other pages are for logged in customers only. You can order username and password by e-mail firstname.lastname@example.org or by calling to Jungenti Foodservice division sales assistant Anneli Viikmaa 6663802 (direct email@example.com). All new customers will receive the username and password automatically as appendix to the contract.