Plukon Food Group takes the majority stake in Polish poultry producer
Former L&B Wyrebski, a Polish poultry producer founded by the Wyrebski family, has a new majority shareholder, Plukon Food Group.
The deal was finalized at the end of July and the Dutch company owns now 60% of the Polish enterprise while the founder family has maintained the rest of the shares. In connection with the new majority shareholder, L&B Wyrebski changed its name to Plukon Sieradz, informs Portal Spozywczy magazine.
The recently completed second stage of the transaction involved the determination of the target share structure and the corporate company by taking up shares in the company's increased share capital by Plukon.
The deal was first announced a couple of years ago and in January 2017, the Dutch company was granted permission to take control of L & B Wyrsbski. "The cash contribution obtained by the company enabled financing the acquisition of assets by the company in connection with the completion of the construction of a modern poultry slaughtering and processing plant", declared Wojciech Fabrycki, a lawyer that advised Plukon Food Group in this transaction.
Plukon Food is one of the largest producers of poultry in Europe, with production facilities in the Netherlands, Belgium and Germany.
(Photo source: Plukon Food Group)
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