AC Food

What AC Food does

AC Food d.o.o. is a privately held Bosnian food processing company founded in January 2017 in Velika Kladuša and operating as a subsidiary of AS grupacija, a diversified Bosnian conglomerate. The company manufactures and distributes a portfolio of branded consumer packaged food products across six categories: TOPS biscuits and tea rings, MAZA hazelnut cream spreads (including a Crunchy variant with cereal balls), MAZA DRINK instant cocoa beverages, EMINA ground coffee, VEGEDOR vegetable food supplements with 52% reduced salt content, and a Kulinarski culinary range of cocoa and chocolate powders. Manufacturing is concentrated at the Velika Kladuša factory, while a separate sales and marketing office in Sarajevo handles commercial operations and distribution into the domestic market plus regional and foreign export channels.

The company's core production technology centers on traditional stone grinding mills used to produce EMINA ground coffee, which the company claims yields 25% more intense flavor than electrically ground coffee without bitterness or acidity. Products carry HACCP and HALAL certifications, and the company emphasizes quality raw-material sourcing, modern packaging (including ZIP-closure pouches), and proprietary recipes across its brand portfolio. The TOPS brand, acquired in the founding year, is the most recognized label, while EMINA carries heritage brand equity from the 1980s. The product line is positioned around health and quality differentiators, including palm-oil-free hazelnut spreads, reduced-salt vegetable supplements, and natural turmeric-based coloring.

AC Food's business model is straightforward branded FMCG manufacturing and wholesale-to-retail distribution. It sells under its own trademarks (TOPS, MAZA, EMINA, VEGEDOR) through retail distribution channels in Bosnia and Herzegovina and export markets, targeting general consumer households seeking practical, safe, and recognizable daily-use food products. The company employs 51-100 staff, operates without publicly disclosed pricing, and generates revenue through physical product sales under its six core brands, with no subscription, software, or service revenue streams identified.

Name

AC Food

Legal name

AC Food d.o.o.

Website

https://acfood.ba

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

AC Food is a privately held Bosnian food manufacturer producing branded biscuits, hazelnut spreads, cocoa drinks, ground coffee, and vegetable supplements under the TOPS, MAZA, EMINA, and VEGEDOR brands for retail consumers in Bosnia and Herzegovina and export markets.

Ownership category

akta.pro rank

Product category

Packaged Food Manufacturing

NAICS

Cookie, Cracker, and Pasta Manufacturing (31182), Food Manufacturing (311)

SIC

Cookies & Crackers (2052), Food And Kindred Products (2000)

akta.pro primary industry

Cookies, Biscuits & Crackers (CRADABAD)

akta.pro secondary industries

Spreads, Sweeteners & Syrups (Jam, Honey, Nut Butters, Maple) (CRADAAAC), Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin) (CRADAAAD)

Keywords

• Biscuit manufacturing
• Hazelnut cream spreads
• Stone-ground coffee
• Instant cocoa beverages
• Culinary cocoa powder

Headquarters

HQ city

Velika Kladusa

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Food Products Manufacturing and Sales: AC Food generates revenue through manufacturing and selling branded food products including biscuits, tea rings, hazelnut spreads, cocoa drinks, culinary products (cocoa/chocolate powder), ground coffee, and vegetable food supplements. Products are sold under TOPS, MAZA, EMINA, and VEGEDOR brands.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

AC Food manufactures and sells branded consumer packaged food products including biscuits and tea cookies (TOPS), hazelnut cream spreads and instant cocoa drinks (MAZA), stone-ground coffee (EMINA), vegetable food supplements (VEGEDOR), and culinary cocoa and chocolate powders. All products are produced at the company's factory in Velika Kladuša, Bosnia and Herzegovina, and distributed under the TOPS, MAZA, EMINA, and VEGEDOR brands to domestic and regional export markets.

Product overview

AC Food is a Bosnian food manufacturing company offering a diversified portfolio of branded consumer food products. The product lineup includes biscuit lines (TOPS Biskviti with chocolate coatings and fruit jelly fillings), tea ring cookies (TOPS Čajni Kolutići in plain, lemon, and coconut varieties), instant cocoa drinks (MAZA DRINK), ground coffee (EMINA with 80s heritage recipe), hazelnut cream spreads (MAZA in 20% and 30% hazelnut plus Crunchy variants), culinary products (cocoa and chocolate powders), and vegetable food supplements (VEGEDOR with reduced salt content). All products are manufactured in the company's Velika Kladuša factory using quality ingredients, distributed under the TOPS, MAZA, EMINA, and VEGEDOR sub-brands.

Differentiator

Problem solved

Functional benefit

Brands

• TOPS: Brand of biscuits with orange jelly and chocolate coating, and tea rings in various flavors (plain, lemon, coconut). TOPS is the company's most well-known brand, with production taken over in 2017.
• MAZA
• MAZA DRINK
• VEGEDOR
• EMINA
• Kulinarski asortiman

Products and services

• TOPS Biskviti

Quantifiable outcome

• Emina coffee has 25% more intense flavor compared to electrically ground coffee
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• AS GrupacijacoreStrategic or Co-development Partner · 1 January 2017AC Food d.o.o. was established in January 2017 as a constituent part of AS Grupacija. The same year, the company acquired TOPS brand production from the group, positioning it as their most recognized brand.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Nestlé: Nestlé is a broad incumbent across instant cocoa drinks, culinary powders, and confectionery, directly contesting AC Food's MAZA Drink cocoa beverages and culinary assortment lines.
• Atlantic Grupa: Atlantic Grupa is a large regional CPG conglomerate (including Droga Kolinska) spanning biscuits, confectionery, coffee, and spreads across Southeast Europe, broadly incumbent in every category AC Food competes in.
• Mondelez International: Mondelez is a global biscuits and confectionery giant (Oreo, Milka, Toblerone), broadly incumbent in every biscuit and chocolate-adjacent category AC Food serves across the Balkans.
• Ferrero: Ferrero is the global leader in hazelnut spreads (Nutella) and adjacent confectionery, a broad incumbent whose scale and trade spend directly shape the competitive set for AC Food's MAZA spread line.

Direct peers

• Koestlin: Koestlin is a Bosnian biscuit and confectionery manufacturer with deep domestic roots, directly competing with AC Food's TOPS biscuits in the same retail aisles across Bosnia and Herzegovina.
• Vitinka: Vitinka is a multi-category Bosnian food producer (beverages, biscuits, confectionery) operating from a single domestic factory, directly comparable to AC Food's diversified branded CPG platform and scale.
• Bambi: Bambi is a Serbian biscuit maker with iconic domestic brands (Plazma), directly comparable to AC Food's TOPS biscuit franchise in regional retail competition.
• Kraš: Kraš is a Croatian confectionery and biscuit producer with a multi-brand portfolio and regional export footprint, directly comparable to AC Food's branded confectionery and biscuit lines across the Balkans.
• Studen-Alexandria: Studen-Alexandria is a regional confectionery manufacturer across BiH, Croatia, and Serbia, directly comparable to AC Food in chocolate spreads, biscuits, and adjacent branded snacks.
• Soko Štark: Soko Štark is one of the largest Serbian biscuit and confectionery manufacturers with a similar multi-brand portfolio, directly comparable to AC Food across biscuits, spreads, and adjacent snacks.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/acfood

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AC Food