News

• A new, fully automated production line will double the factory’s production capacity.
• The investment in increasing the capacity of the burek factory in Osijek is worth €12 million.
• The investment will further strengthen Mlinar’s position as the leading burek producer in the region and create the conditions for further development of production and employment in Osijek.

Zagreb, Croatia, July 29, 2026 – Mlinar, part of the Croatian investment group BOSQAR INVEST (BOSQAR d.d. – ZSE: BSQR), is investing €12 million in a significant expansion of the production capacity of its burek factory in Osijek.

This is one of the company’s largest individual investments in production capacity in recent years, through which Mlinar is responding to continuously strong demand for burek across the markets in which it operates.

The project includes the acquisition of a new, fully automated burek production line, whose capacity will be equal to the combined capacity of the factory’s existing four production lines.

Upon completion of the investment, Mlinar will double the production capacity of its Osijek factory and further improve production efficiency, supply flexibility and readiness for continued growth in existing and new markets. At the same time, the investment will create the conditions for stronger export growth in international markets outside the region, where Mlinar is already generating sales.

As the leading burek producer in the region, Mlinar is further strengthening its production platform through this investment. At the same time, the expansion of capacity is expected to have a positive impact on further employment growth in Osijek, continuing the production site’s development over the past several years.

Since 2021/2022, Mlinar has created more than 230 new jobs at its Osijek factory.

“This investment is a natural continuation of our growth and a response to continuously increasing demand for products in the burek category. The new production line will enable us to double our capacity, further improve operational efficiency and ensure a high-quality and reliable supply to all markets in which we operate. At the same time, this investment confirms our long-term commitment to the development of domestic production and the strengthening of Mlinar’s production capacities in Croatia,” said Mladen Veber, President of the Management Board of Mlinar.

The investment in the Osijek factory is part of Mlinar’s long-term strategy of continuously investing in production modernization, technological development and capacity expansion, enabling the company to keep pace with business growth and further strengthen its leading position in the bakery products market in the region.

About Mlinar

Mlinar Group is the largest bakery group in the Adriatic region, covering a market of 16 million people. Through the synergies of Mlinar Croatia, Mlinar Slovenia and Hleb i kifle, which operates in the Serbian market, Mlinar Group has more than 327 points of sale across Croatia, Slovenia and Serbia. The Group is also present in Bosnia and Herzegovina through 11 franchise stores and through the largest wholesale chains.

Through its five production facilities and more than 2,980 employees, Mlinar sold a total of 216 million units of products in 2025. Mlinar Group generated total revenue of more than €197.2 million in 2025 through sales via its own retail network, wholesale and exports to more than 17 markets, while 96% of all raw materials, materials and services used by Mlinar are sourced from domestic suppliers.

About BOSQAR INVEST

BOSQAR INVEST (BOSQAR d.d. and its subsidiaries) is a European leader operating in the business and technology process outsourcing (BPTO), food and agriculture (Food), and human resources (HR) industries.

Through its innovative business model, BOSQAR INVEST has accelerated its market expansion through intensive organic growth and an M&A platform. BOSQAR INVEST is focused on improving the profitability and operations of each of its acquired companies through standardized operating models that drive significant organic growth across all companies within the Group, as well as the Group itself.

Today, BOSQAR INVEST operates through several business verticals, including the BPTO/AI business vertical (brands: Mplus, GRAIA), the Food business vertical (brands: Future Food, Panvita, Mlinar), and the HR business vertical (brands: Manpower SEE and Workplace). All business verticals are focused on creating value for stakeholders through a commitment to best practices in digitalization, structured key account management programs, stable and efficient financial management, and the support of strong and dedicated management teams focused on results.

BOSQAR INVEST’s ownership structure brings together pension funds, institutional investors, international private equity funds, development institutions and private investors. The BOSQAR INVEST business community employs more than 18,500 people, and the Group’s companies operate in 27 countries worldwide.