The process, which should be completed by March 2023, includes the remodelling, rebranding and harmonisation of internal processes, including the addition of a 'To Go' offer and in-store bakeries.
Integrated Into Studenac Network
The takeover of the two local supermarket chains will enable Studenac to further strengthen its position in the cities of Dubrovnik and Zagreb, it said in a statement, as well as in the Bjelovar-Bilogorska, Brod-Posavska, Koprivnica-Križevačka, Požeška-Slavonska, Sisak-Moslavina, Varaždinska and Zagreb counties.
Along with organic growth, acquisitions are an important part of Studenac's business strategy, and the company has previously taken over and successfully integrated the Istarski Supermarketi, Bure, Sonik, Kordun and Duravit chains.
Various benefits are being offered to the 1,700 Pema and Lonia employees that are set to join the business, such as mentoring programnes, education and an integration reward package, in addition to new job positions within the fast-growing Studenac network.
In August, the group said that it was investing in employee training, an IT systems upgrade and customer communications initiatives ahead of the country's transition to the euro currency, which takes place on 1 January 2023.