On March 28, Smithfield Group, controlling Animex Foods, announced that it has issued a non-binding letter of intent to acquire meat processing facilities of Pini Group. Animex is one of the largest food producers in Poland specializing in production of fresh meat, processed meat products and other agricultural activity.
The potentially acquired companies Pini Polska and Hamburger Pini operate two facilities with equipment and lines for production of processed products.
Acquisition of assets from Pini Group may strengthen Smithfield Group’s vertically integrated supply chain in Poland. It will also give Animex opportunity to increase its production capacities to satisfy growing demand for its high quality processed meat products from Polish and foreign customers.
Transaction finalization is contingent upon, among other issues, the satisfactory completion of due diligence and receiving approval from UOKIK – Antimonopoly Office.
About Smithfield Polska
Smithfield Polska controls a group of Polish companies specializing in food production, controlling the entire process from farm to fork. It’s owned by Smithfield Foods, which is a wholly owned independent subsidiary of WH Group Limited.
Smithfield Polska consists of Animex Foods, Agri Plus and Agri Plus Feed. Smithfield employs in Poland over 9,000 employees and work directly in different business partnership relations with over 2,300 Polish pig farmers.
About Pini Group
The Pini Group consist of 7 companies across Europe with facility in Italy, Hungary and Poland. In Poland the Group maintains four facilities: Pini Polonia cutting plant, Hamburger Pini and Pini Polska, each having meat processing facilities and Royal Chicken, an investment project under construction.