MBF Group
On July 17, 2025, MBF Group SA entered into a strategic commercial contract with Golębiewski Holding Sp. Ltd, owner of the well-known confectionery brand TAGO. The subject of the agreement is the successive supply of ICUMSA 45 food sugar to the production plant in Radzymin in the period from October 1, 2025 to March 31, 2026. As agreed by the parties, deliveries will be made at a fixed unit price, on convenient payment terms and under the DDP logistics model.
The value of the basic part of the contract is estimated at around PLN 4.45 million, which already represents a significant item in MBF Group SA’s revenues in Q4 2025 and Q1 2026. Equally important, however, the agreement provides for the possibility of extending the cooperation and increasing the scale of deliveries – in such a scenario, the value of the contract could be as high as PLN 10 million, which would make this cooperation one of the largest food deals in the company’s history.
It is worth noting that the conclusion of the agreement was preceded by a pilot phase – MBF Group SA carried out test deliveries worth more than PLN 0.5 million, which made it possible to refine the logistics scheme, documentation formula and practical aspects of cooperation. This stage was successful, and the positive evaluation of operational cooperation by the recipient contributed to the signing of the main contract in July this year.
From MBF Group SA’s perspective, the contract is a breakthrough – both in terms of potential revenue and its position in the market for wholesale supplies to the food industry in Poland. Winning such a reputable and large customer as TAGO, which operates internationally, is a sign of growing confidence in the company as a stable business partner.
Golebiewski Holding and Tago – a partner with experience and scale
MBF Group SA’s counterparty in the concluded contract is Golebiewski Holding Sp. z o.o., a dynamic capital group more widely known to the public for its hospitality business. The company operates a chain of luxury four-star hotels in Poland’s most important tourist locations – including Karpacz, Wisła, Mikołajki and the newly opened facility in Pobierowo, which is the largest of its kind in the country. These investments are being carried out on a grand scale, and the Golebiewski brand has for years evoked associations with a high standard of service and a strong family position.
However, it is not the hotels, but the TAGO confectionery plant, which is an integral part of Golebiewski Holding, is the direct customer covered by the contract. Tago is one of the largest and most recognizable confectionery manufacturers in Poland, operating continuously since 1966. The company, founded by the late Tadeusz Golebiewski, specializes in the production of, among other things. cookies, gingerbread, wafers, biscotti and chocolate cookies, which are distributed to more than 60 countries on five continents.
With advanced technology, a state-of-the-art facility in Ciemne near. Radzymin and systematic investment in development, TAGO today achieves annual revenues estimated at $25-50 million, and directs more than 60% of its production to exports. The brand’s products are present in Western Europe as well as in America, Asia and Australia. The company also holds the most important quality certificates – ISO, IFS, BRC – confirming the highest production standards.
It is worth mentioning that such a high scale of production of cookies, wafers or gingerbread requires a continuous and large supply of high-quality intermediate products, such as sugar, flour, vegetable fats, cocoa, chocolate, nuts, eggs, milk powder, spices and food packaging. From MBF Group SA’s point of view, this could mean not only long-term cooperation in the supply of sugar, but also the potential expansion of its offerings to include other production components. TAGO’s openness to cooperation and clearly defined quality and logistics standards create conditions for developing relationships also in the area of supplying industrial and food-grade raw materials and components.
Tago is a demanding, but at the same time predictable and stable partner – making this relationship a model example of cooperation between a dynamic distributor and a strong manufacturer with global reach.
Importance of the agreement for MBF Group SA – revenue, reputation, development
The signing of the contract with Golębiewski Holding, and more specifically with its TAGO subsidiary, has a dimension for MBF Group SA that goes beyond current deliveries. This is one of the most high-profile commercial contracts in the company’s history, and represents not only a stable source of revenue in Q4 2025 and Q1 2026, but also a real opportunity to expand operations in the food sector.
By setting a fixed price throughout the term of the contract and flexible billing terms (30-day payment term with credit limit), MBF Group SA can plan margins, cash-flow and logistics operations in advance. A customer of this scale means regularity of loading, repeatability of processes and predictability in terms of volumes – which significantly improves the operation of the entire supply chain.
It is worth noting that the entry of such a large and recognizable customer as a supplier is also an important argument in discussions with other potential customers. References of this type – especially in a contract executed under clear, cyclical and transparent conditions – can be taken as evidence of MBF Group SA’s high organizational, qualitative and financial level. From a credibility standpoint, the agreement with Tago acts as a certificate of reliability in the B2B sector.
At the same time, the cooperation with Tago is part of a broader direction of the Company’s development, including not only the distribution of raw materials, but also building its position as a comprehensive supplier to the processing industry. With the know-how and operational experience gained, MBF Group SA can develop the segment of flour, oils, vegetable fats and even packaging supplies in the future, meeting the broad needs of the confectionery and food industry. This type of contract is not just a one-off deal – it is the beginning of a long-term business relationship with great potential for growth.
Safety and professionalism – principles of cooperation at the highest level
An important element of the contract with Golębiewski Holding is not only the commercial terms, but also the legal structure and safeguards of the parties’ interests, based on the proven models of MBF Group SA. The agreement provides for, among other things. Transparent rules for acceptance, risk transition, complaint mode and enforcement of timely payments. An integral part of the contract are the General Terms of Sale (GTS), which have been accepted and signed by both parties.
Among the key provisions are:
🔹 30-day payment term with exposure limitation of 360 tons (15 shipments),
🔹 A clause on the transfer of ownership of goods only after full payment,
🔹 obligation to report any discrepancies within 3 working days,
🔹 The right to stop deliveries in case of arrears,
🔹 data protection and confidentiality of business terms.
This structure of the agreement safeguards MBF Group SA’s interests both operationally and financially, allowing for flexible risk management and ongoing liquidity control. What’s more, the contract also provides for the publication of stock exchange reports (in accordance with MAR regulations), which demonstrates the full transparency of the business relationship and its importance to the Company’s stakeholders.
The cooperation with Golębiewski Holding, which began with pilot deliveries and was later formalized into a full contract with attached GTCs, is a model example of professionalism in wholesale trade. It also confirms that MBF Group SA operates based on principles that build long-term relationships and increase the trust of large market partners.
The importance of the contract in the context of the company’s further transformation
From a strategic perspective, the contract with Golębiewski Holding opens MBF Group SA’s access to a segment of customers with a high degree of organization and global reach. This means the opportunity to build more relationships with companies that expect not only raw materials, but also comprehensive service, flexibility and predictability. The cooperation model with TAGO can be successfully scaled to other processing industries, including bakery, dairy or fat – increasing the diversification of the customer portfolio.
From a business perspective, the agreement is not only an important source of revenue, but also a tool that strengthens MBF Group SA’s negotiating position with current and future suppliers. Increased volumes, predictable delivery and payment schedules, and high customer quality requirements can translate into more favorable purchasing terms and more efficient value chain management. It’s an arrangement in which the professionalization of cooperation with one large partner raises the quality of the company’s entire operating structure.
