Polish SuperDrob buys two chicken plants and is looking for further acquisitions
Polish poultry producer SuperDrob, a company owned by SuperDrob Capital Group, has recently concluded an agreement with the local competitor Indykpol to buy two of its chicken plants, a slaughterhouse in Lublin and a hatchery in Turiec, for an undisclosed sum.
SuperDrob has reported revenues of PLN1.1 billion (261.1 million euros) in 2016, lower than PLN 1.3 billion (308.6 million euros) of Indykpol's, but last year the Group received a capital infusion from selling a 33% stake in the firm to the Thailand-based food giant Chareon Pokphand Foods who is looking for an entrance on the European market.
This could not be the single deal to be signed by SuberDrob this year, as the vice-president of SuperDrob, Jaroslaw Kowalewski, admitted in a statement: This is the implementation of the announced plans of the SuperDrob Capital Group. We are strengthening the production structure and we are still observing the market in terms of possible acquisitions. The purchase of a chicken slaughter plant and hatchery allows us to increase production capacity, thanks to which we will be able to offer more products on the wider market".
The company exports poultry products to UK, France, Germany and China and has customers like Carrefour, Lidl and Makro on the domestic market.
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