Cobb Germany buys stake in Russia’s Broiler Budeshego
Broiler Budeshego is one of the largest suppliers to the Russian poultry meat industry
Cobb Germany has acquired a substantial stake in a fellow Cobb grandparent distributor Broiler Budeshego, one of the largest suppliers to the Russian poultry meat industry.
This significant shareholding has been bought from Samuel Lipman, one of the first U.S. investors in the Russian poultry industry, and from Cobb-Vantress, Inc. which is one of the world’s leading poultry breeding companies.
One of Europe’s leading distributors of broiler breeding stock, Cobb Germany is part of the Wimex Group which is based in Regenstauf, Germany, and has expanded in the past 30 years to become a major producer of hatching eggs and broiler chicks for the European poultry industry. The company is the distributor of Cobb breeding stock in more than 20 countries of central and eastern Europe.
Broiler Budeshego (literally, in Russian, ‘Broiler of the Future’) began hatching Cobb parent stock chicks at a new facility at Stromyn, near Moscow, in 2014 and is now selling more than seven million chicks a year to the Russian industry which has been quickly expanding towards self-sufficiency in chicken production.
In a separate move Broiler Budeshego has signed an agreement with the Prioskolie group to take over its grandparent production facilities and supply it with Cobb parent stock. Prioskolie is the market leader for chicken meat in Russia with annual production of more than 600,000 metric tons.
Leo Graf von Drechsel, the director who is responsible for the poultry branch of Wimex, said they would become a strong partner in Broiler Budeshego with their market knowledge and technical expertise helping to increase production to satisfy the growing demands of the Russian industry.
He added: “Prioskolie sees the advantage of the world leading genetics of the Cobb breed and has therefore decided to go with Cobb. With these two important moves Broiler Budeshego has taken major steps forward in expanding its production base in Russia and growing its market share.”