EU-Armenia SME Fund, a private equity fund managed by Amber Capital Armenia, has acquired a significant minority stake in Bacon Holding CJSC, the holding company of Bacon Product LLC, a leading Armenian producer and processor of meat products and convenience foods. 

The total investment by the Fund amounts to USD 6.0 million.

It is noted that the investment will support a comprehensive development strategy centred on operational modernisation and infrastructure enhancement. Key priorities include process automation and upgrades to logistics capabilities, aimed at improving efficiency, scalability and execution quality. In parallel, the Company will advance product portfolio development and strengthen its commercial platform to support continued market expansion, export and long-term value creation.

“We are very pleased to have secured this investment, which followed several months of negotiations. Our partnership is focused on unlocking the Company’s full commercial potential through smart use of capital, robust corporate governance and disciplined, transparent financial management. We see meaningful opportunities for market share expansion and sustainable long-term growth,” said Anushavan Simonyan, CEO of Amber Capital Armenia.

“This partnership provides Bacon Product with both capital and strategic expertise to move into the next stage of development. Together with Amber Capital, we aim to accelerate growth, introduce new products and further consolidate our position in the local market and abroad,” noted Pavlik Margaryan, shareholder of Bacon Product.